Canadian employment outlook cautious but optimistic
Canada, 15th December: Outlook for Canadian employment for the first quarter of 2012 reveals a cautious although a positive hiring by Canadian employers.
This has been stated by the findings of a recent survey by the Manpower Group.
Titled the Manpower Employment Outlook Survey, it took into consideration hiring plans of Canadian employers for Q1 of 2012.
The survey found a marginal increase in the Net Employment Outlook as compared to the last quarter of the current year. It involved nearly 1,900 employers in Canada.
Findings further suggest an expected increase in payrolls by nearly 16 percent of businesses in Canada for the first quarter of 2012.
Meanwhile, the number of Canadian businesses estimating a fall in their payrolls is said to be nearly 10 percent. 70 percent Canadian businesses forecast having almost same levels of staffing while nearly three percent could not predict their hiring policies.
Western provinces most positive in hiring plans– Western provinces seem to have highest level of optimism in terms of hiring levels by Canadian businesses. Edmonton and Regina are the top cities in Canada’s Western provinces for having most optimistic hiring intentions for Q1 of 2012.
Kingston and Northumberland County are predicted to have weakest hiring outlooks, the survey findings show.
According to vice-president of operations for the agency, Byrne Luft, although, the hiring climate is, undoubtedly, favorable in Western Canada, however, there is no denying the fact that employers are cautious in their hiring plans from January to March as compared to the last quarter.
So, they (employers) are taking time to know the current conditions of market, he further asserted. And they are also somewhat doubtful regarding the demand in the coming times, he maintained.
Employment scenario encouraging in Canada—Employment conditions are encouraging and expected to be positive in the coming year, says a senior economist at BMP Capital Markets, Michael Gregory. The coming year is expected to resume modest job gains thereby removing any further increase in joblessness.
Moreover, employment outlook of Canada is also quite better than those in majority of all 41 nations included in the Manpower survey, Luft added. Apart from Canada, the US is yet another nation having positive hiring outlook for the next year as job market conditions begin to improve.