What sectors are going to be doing the most hiring over the next few months? The latest Manpower Employment Outlook Survey has just been released with that information.
The survey of over 1,900 employers across Canada reveals that 12 per cent plan to increase their staffing levels in the fourth quarter of 2017, 6 per cent anticipate cutbacks, 80 per cent expect their current staffing levels to stay the same, and the remaining 2 per cent are unsure about their hiring intentions. The biggest increase will be in the Public Administration sector, and most of the hiring will be in Quebec, Ontario, and BC.
“Heading into the fourth quarter of 2017, we’re seeing a general trend of modest growth,” said Darlene Minatel, Vice President & General Manager, Manpower Canada Operations. “Most of the hiring activity is expected to focus on Quebec, Ontario and British Columbia, however there are still some bright spots in the rest of Canada, led by an anticipated moderate uplift in the oil and gas sector.”
The outlook in Atlantic Canada is more modest.
Employers in the Public Administration sector report a Net Employment Outlook* of 17 per cent for the fourth quarter of 2017, good news for job seekers in that sector. This is a 16 percentage point increase from the forecast at the same time last year.
Here is a breakdown of sectors and their Net Employment Outlooks for the next few months according to the Manpower survey:
Finance, Insurance & Real Estate
Net Employment Outlook: 13% – 4% decrease compared with last quarter
Manufacturing – Durables
Net Employment Outlook: 13% – 5% increase over last quarter
Wholesale & Retail Trade
Net Employment Outlook: 11% – 2% increase over last quarter
Net Employment Outlook: 9% – 3% increase over last quarter
Transportation & Public Utilities
Net Employment Outlook: 8% – 2% decrease compared with last quarter
Net Employment Outlook: 8% – 1% increase over last quarter
Net Employment Outlook: 6% – 3% decrease compared with last quarter
Manufacturing – Non-Durables
Net Employment Outlook: 4% – 1% decrease compared with last quarter
Net Employment Outlook: 3% – 5% decrease compared with last quarter
While Quebec and Ontario have the best hiring outlooks right now, they’ve actually experienced the slowest rates of income growth over the past decade, while Canadian incomes are stagnating. This is according to a separate report recently released by Statistics Canada.
Over the past 10 years, the Canadian median household income increased from the inflation-adjusted equivalent of $63,457 in 2005 to $70,336 in 2015. That’s a real wage growth of a just over 1% per year, which isn’t much.
“That’s not a booming pace of income growth,” Craig Alexander, senior vice president and chief economist at the Conference Board of Canada, is quoted as saying by the Financial Post.
According to Alexander, the 2008 financial crisis and ensuing recession were mostly to blame for the stagnation. “If we hadn’t had the recession, family income would be up significantly more,” he reportedly said.
While the slowest growth rates were in Quebec and Ontario at 3.8% and 8.9% respectively, Nunavut and Saskatchewan saw incomes rise the fastest at 36.7% and 36.5%, thanks to investments in the resource sector says the Post.
(Image: Andrik Langfield Petrides/Unsplash)