The latest findings from the ManpowerGroup Employment Outlook survey of more than 1,000 organizations across Canada found that 49 percent plan on increasing staffing in the second quarter of 2022. The results were published on March 22, 2022.
Net Employment Outlook (NEO) is Surging
Another key metric captured by the quarterly ManpowerGroup survey is Net Employment Outlook (NEO), which is calculated by taking the percentage of Canadian employers anticipating an increase in hiring activity, and subtracting from this the percentage of employers that anticipate a decrease in employment in the next quarter. A positive NEO means that, on balance, more employers expect to add staff in the coming three months compared to employers who expect to cut staff.
According to the latest survey, the overall NEO across Canada stands at a robust +37 percent, which is two percentage points higher than the previous quarterly outlook (Q1 2022), and a whopping 27-percentage points higher than the same period a year ago (Q2 2021).
Sectors that reported the strongest employment outlook (NEO) include:
- Primary production (+56 percent)
- IT, tech, telecom, communication, and media (+51 percent)
- Wholesale retail and trade (+46 percent)
- Manufacturing (+39 percent)
- Banking, finance, insurance, and real estate (+ 36 percent)
- Construction (+28 percent)
- Non-profit (+28 percent)
- Restaurants and hotels (+21 percent)
- Education, health, social work and government (+20 percent)
Hiring from Coast to Coast to Coast
Workforce gains are anticipated in all Canada territories during the second quarter of 2022 compared to one year ago:
- Northern Territories (+65 percent)
- Atlantic Canada (+40 percent)
- Ontario (+39 percent)
- Western Canada (+38 percent)
- Quebec (+28 percent)
- Prairies (+28 percent)
“The Canadian job market continues to look significantly healthy for the coming quarter,” commented Darlene Minatel, country manager of ManpowerGroup Canada. “From the dim outlooks reported in 2020, through the positive trajectory of hiring intentions over 2021 with the introduction of COVID-19 vaccination, employers are now expressing consistent confidence in the economy. There will be opportunities for job seekers across the country and across all sectors.”
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