An 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 second half of 2020.
The Manpower Employment Outlook Survey for Q3 of 2020 was conducted by interviewing a representative sample of 1,053 employers across Canada. Participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of September 2020 as compared to the current quarter?”
Given the current uncertainties brought on by the COVID-19 pandemic, it is not surprising that Canadian employers report downbeat hiring plans for the third quarter of 2020. While 12 percent of employers say they are expecting to hire in Q3, 17 percent are actually anticipating cutting staff, and 60 percent forecast no change.
This marks the weakest hiring intentions ever reported since Manpower began conducting this quarterly survey back in 1978.
Employers in Atlantic Canada report having the highest hiring intentions for the coming months. Charlottetown, PEI; Cape Breton, Nova Scotia; and Moncton, New Brunswick are three of the regions with the greatest hiring outlook. Burnaby-Coquitlam, BC; and the Kitchener/Cambridge area in Ontario are also highly ranked for expected hiring.
Hiring intentions have weakened in all 10 major industry sectors tracked when compared with this same period one year ago. However, manufacturing, services, and public utilities and transportation are the sectors that report planning the most robust job creation – that is to say, the least declines year over year – heading into the fall.
We’ll get a close look at the current state of the Canadian job market when Statistics Canada releases the Labour Force Survey for June on Friday.