Hiring Climate Good for Kitchener-Waterloo
Waterloo Region area employers expect a positive hiring climate for the third quarter of 2018, according to the latest ManpowerGroup Employment Outlook Survey.
“Survey data reveals that 23 per cent of employers plan to hire for the upcoming quarter (July to September), while seven per cent anticipate cutbacks,” stated Maple Kyriacou of Manpower’s Kitchener office. Another 67 per cent of employers plan to maintain their current staffing levels in the upcoming quarter, while the remaining three per cent are unsure of their hiring intentions.
“With seasonal variations removed from the data, Waterloo Region’s third quarter Net Employment Outlook of 18 per cent is a seven percentage point decrease when compared to the previous quarterly Outlook,” said Kyriacou. “It is also a decrease of one percentage point from the Outlook reported during the same time last year, which still indicates an upbeat hiring pace for the upcoming months.”
“Even though prospects are weaker in six of ten industry sectors compared to last quarter, we’re still seeing a positive hiring climate for most of the country,” said Darlene Minatel, Country Manager for ManpowerGroup Canada. “The numbers reflect a pattern of a labour market nearing capacity, with unemployment in some regions at record lows. For job seekers, this could mean larger wage gains in the quarter to come.”