Sector-wise Analysis Of The Quarter 4 Canadian Employment Outlook

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Employment Outlook

ManpowerGroup’s comprehensive forecast of employer hiring plans is one of the most trusted surveys of employment activity in the world which has been running for more than 50 years. This Employment Outlook Survey is conducted quarterly to measure employers’ intentions to increase or decrease the number of employees in their workforces during the next quarter.

Unparalleled in its size, scope, longevity, and area of focus, the survey primarily focuses on is one of the asking employers to forecast employment over the next quarter. The survey is based on interviews with over 59,000 public and private employers across 43 countries and territories to measure anticipated employment trends each quarter. This sample allows for analysis to be performed across specific sectors and regions to provide more detailed information.

The ManpowerGroup Employment Outlook Survey is conducted using a validated methodology, in accordance with the highest standards in market research. It has been structured to be representative of each national economy making sure the margin of error for all national, regional and global data is not greater than +/- 3.9%. The margin of error for the Canadian survey is +/- 2.2%.

For the Quarter 4 2017 research, all employers participating in the survey worldwide were asked the same question, “How do you anticipate total employment at your location to change in the three months to the end of December 2017 as compared to the current quarter?”

The results were then tabulated and categorized according to each sector to help employers drive greater insights with the respect to the area of the economy their operations are in. Here’s a closer look at the ManpowerGroup Employment Outlook Survey Quarter – 4 and its sector-wise analysis by one of the most prominent employment agencies for trades in Edmonton:

Construction

Reporting a Net Employment Outlook of +9%, employers anticipate a cautiously optimistic hiring pace in the final quarter of 2017. Hiring prospects improve by 3 percentage points when compared with the previous quarter, and are 4 percentage points stronger when compared with Quarter 4 2016.

Employers in the 4 main regions of the country – Atlantic Canada, Ontario, Quebec and Western Canada predict the following employment prospects with respect to the construction sector for the coming 3 months:

Employers

Education

Job seekers can expect a soft labour market in the next three months, according to employers who report a Net Employment Outlook of +3%. The Outlook declines by 5 percentage points quarter-over-quarter and is 7 percentage points weaker when compared with this time one year ago.

Employment prospect for the education sector are predicted to experience a change in their staffing levels in the following respects:

experience a change

Finance, Insurance & Real Estate

Respectable payroll gains are anticipated in the next three months with employers reporting a Net Employment Outlook of +13%. However, hiring intentions decline by 4 percentage points both quarter-over-quarter and year-over-year.

Hiring prospects for finance, insurance & real estate sector are forecast to alter in the following directions for the upcoming quarter:

employers reporting

Manufacturing – Durable Goods

Employers report hopeful hiring plans for Quarter 4 2017, with a Net Employment Outlook of +13%. Hiring prospects are 5 percentage points stronger when compared with the previous quarter, and improve by 4 percentage points when compared with the final quarter of 2016.

Employers in all 4 regions forecast payroll changes for Quarter 4 in the following ways:

Employers report

Manufacturing – Non-Durable Goods

Some hiring activity is expected in the upcoming quarter, with employers reporting a Net Employment Outlook of +4%. The Outlook remains relatively stable when compared with Quarter 3 2017, but declined by 5 percentage points when compared with Quarter 4 2016.

Employers in the four major regions of the country anticipate a change in their hiring prospects in the following ways:

upcoming quarter

Mining

Job seekers can expect a conservative hiring pace in the final quarter of 2017, according to employers who report a Net Employment Outlook of +6%. Hiring plans decline by 3 percentage points when compared with the previous quarter, but improve by 8 percentage points when compared with this time one year ago.

Employers in all 4 regions forecast payroll changes in the mining sector in the following respects:

hiring pace

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