Slow and Steady Win the Race — Especially in Transportation, Public Utilities
Depending on to whom you speak, Canada continues a steady, fragile ascent out of the economic pit into which it tumbled in the last couple of years at varying degrees of steepness. And while no one is predicting an overly explosive recovery across the economic board, certain sectors are undeniably poised for more growth than others, including transportation and public utilities.
A just-released Manpower Employment Outlook Survey declares that job prospects for the second quarter of 2013 are strongest for individuals looking for work in these industries.
Indeed, the transportation and public utilities sector submitted its most hopeful forecast since the second quarter of 2007, and the most optimistic of any sector for this quarter. Employers in this arena anticipate a strong hiring climate characterized by a net employment outlook (the difference between the percentage of employers hiring and the percentage of employers cutting back) of 22 percent, one percentage point more than was forecast for last quarter and six percentage points more than the same period last year.
And if you live in Atlantic or Western Canada where the labour markets are expected to remain the strongest in the country for the second quarter, you’re doubly blessed.
Other sectors anticipating favourable hiring conditions over the next three months include construction (reporting a net employment outlook of 17 percent), wholesale and retail trade (16 percent), services (13 percent), and finance, insurance and real estate (10 percent).
Overall and with seasonal variations excluded from the data, Manpower’s net employment outlook anticipates second-quarter growth of 12 percent in this country. Some 20 percent of the 1,900-plus Canadian employers the survey asked plan to bring on more bodies in Q2. While this represents a slight drop from what was reported in the previous quarter, economists confirm that it perpetuates the trend of reasonable hiring activity witnessed over the course of the last year.