Things appear rosy for those seeking new employment opportunities in Waterloo Region over the final quarter of 2019, according to a new survey released by ManPowerGroup.
The company surveyed 1,900 employers in 47 markets across the country to see what their hiring plans were over the next few months and the Kitchener-Cambridge area had one of the best outlooks in the country.
READ MORE: Reality check: Hiring no ‘attractive’ women is not the solution to #MeToo fear
“With seasonal variations removed from the data, Kitchener/Cambridge’s fourth quarter net employment outlook of 27 per cent is a seven percentage point increase compared to the previous quarterly outlook,” according to Charity Magowan of Manpower’s Kitchener office.
“It is also the same percentage as the outlook reported during the same time last year, indicating a healthy hiring pace for the upcoming months.”
This number places the region sixth nationally and second provincially behind Brampton, which clocked in at 37 per cent.
Get weekly money news
Magowan says a wide variety of sectors are expecting to increase payroll before the end of 2019.
READ MORE: Canada sees jobs surge in August with 81K new positions
“It seems to be across the board where we are seeing a growth trend,” she said. “They say that 23 of the 24 employers expect to see payroll increase in the fourth quarter of 2019.”
- ‘Alarming trend’ of more international students claiming asylum: minister
- TD Bank moves to seize home of Russian-Canadian jailed for smuggling tech to Kremlin
- Why B.C. election could serve as a ‘trial run’ for next federal campaign
- After controversial directive, Quebec now says anglophones have right to English health services
That group includes everything from manufacturing to insurance.
“Essentially we’ve got positions that are within the education sector, public administration, as well as manufacturing, real estate and insurance,” Magowan explained. “So respectively, they expect for those as well as transportation and public utilities sectors to be on the growth.
“They have a strong hiring plan for the fourth quarter of 2019.”
READ MORE: More than 25% of Kitchener-Cambridge businesses to hire next quarter: ManpowerGroup
She says another positive number for the region is an increase in the seasonally-adjusted employment index which stood at 12 per cent.
“Where that is up an additional couple of points from our last quarter that we are looking,” Magowan said. “I believe it was at 9 percent.”
Nationally, ManPowerGroup says that employers told them they will be adding bodies in all 10 industry sectors, with the strongest gains coming in the Transportation and Public Utilities and the Public Administration Sectors.
WATCH: (Aug. 28, 2019) Ontario education minister responds to the TDSB job cuts
Comments