A new in-depth survey of Canadian employers has revealed their hiring intentions for the coming months. Here’s a snapshot of where the employment growth is expected to be for the rest of 2020.
Despite the lingering effects of the coronavirus on the Canadian economy, here at CareerBeacon, we remain fairly optimistic about the job market for the rest of 2020. The last four Labour Force Surveys from Statistics Canada have shown positive job gains with nearly two-thirds of the jobs lost during the pandemic being recovered so far.
According to the Manpower Employment Outlook Survey for Q4 of 2020, we can expect to see these gains in employment continue. This survey of over 1,900 employers across Canada reveals that 12 per cent plan to increase their staffing levels in the next few months.
Nearly three-quarters of employers (73 per cent) say that they plan to maintain their current staff levels, while 9 per cent report they expect job cuts. The remaining 6 per cent of participants are unsure of their staffing plans for Q4, 2020.
The overall results show that employers are increasing their hiring activity over the much more cautions plans they reported for Q3 of this year.
Regional hiring outlook
Employers in Cape Breton (+8 per cent) and Charlottetown (+7 per cent) are reporting the most robust hiring in the Atlantic Region, along with Fredericton (+6 per cent). Employers in Halifax, by contrast, are reporting a decline in payrolls expected – down by seven per cent (-7 per cent). Due to a lack of reporting, Moncton was excluded from these results.
Ontario has the highest hiring intentions of all provinces for Q4. Most notable gains are expected in Thunder Bay and Ottawa, where outlooks stand at +16 per cent. Burlington/Oakville employers anticipate steady job gains with an Outlook of +14%, and the Kitchener/Cambridge area outlook is +10 per cent. However, employers in St. Catharines expect payrolls to decline, reporting an outlook of -7 per cent.
With a hiring outlook of negative three per cent (-3 per cent) Quebec employers are reporting their lowest hiring intentions since this survey was first conducted back in 2004.
In Western Canada, employers in eight areas forecast payroll gains during the upcoming quarter. The strongest hiring pace is expected in Surrey (+35 per cent). Richmond-Delta employers anticipate a steady hiring pace (+ 14 per cent), while Winnipeg (+ 10 per cent) and Burnaby-Coquitlam (+8 per cent) are also expecting increased hiring. Meanwhile, employers expect to trim payrolls in three regions, most notably in Regina with an outlook of -19 per cent.
The industries reporting the greatest hiring outlook are transportation and public utilities, manufacturing, finance, insurance, and real estate.
You can read the complete report from ManpowerGroup with regional breakdown by sector here.
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