More than 25% of Kitchener-Cambridge businesses to hire next quarter: ManpowerGroup
The Waterloo region job market appears to be one of the brightest in the country.
A new survey from ManpowerGroup reveals that 27 per cent of employers in the Kitchener-Cambridge area plan to hire in the next quarter while just two per cent plan to cut staff.
The numbers are slightly down for the area but still strong, according to Tracy Rocca of ManpowerGroup’s Kitchener office.
“With seasonal variations removed from the data, Kitchener-Cambridge’s second-quarter net employment outlook of 21 per cent is a seven-percentage-point decrease when compared to the previous quarterly outlook,” said Rocca. “It is also a seven-percentage-point decrease from the outlook reported during the same time last year, indicating a healthy hiring pace for the upcoming months.”
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She said that despite talk about the area’s growing tech sector, traditional local employers are leading the charge.
“The industries that have the strongest outlook right now are transportation, utilities, manufacturing, finance and insurance,” Rocca explained.
To compare that data with the rest of the country, 16 per cent of employers nationwide are planning to hire while three per cent are planning to cut back.
“Kitchener-Cambridge area is one of the cities with the strongest outlook,” Rocca said.
Some of the other top job markets in Canada include Quebec City, Halifax, Charlottetown and Burnaby, according to Rocca.
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