Canadian Company Net Hiring Plans Climb, Manpower Says

Canadian employers boosted their net hiring plans for the start of next year led by transportation and public utilities, according to a survey by Manpower Inc. (MAN)

The share of companies planning to hire between January and March exceeded those forecasting cutbacks by 13 percentage points after adjusting for seasonal variations, the Milwaukee- based employment-services firm said in a statement. The so- called net employment figure rose from 11 in the last survey.

Canada’s jobless rate has exceeded 7 percent since the start of 2009 during Canada’s last recession and will be 7.2 percent next year according to economists surveyed by Bloomberg News.

The Manpower report showed a seasonally adjusted net hiring outlook of 21 percent for transportation and public utilities. That was followed by a positive 16 percent for service companies and construction. Non-durable manufacturing was the least optimistic with a net outlook of 6 percent.

The survey of 1,900 Canadian employers generates results that are accurate within 2.2 percentage points, Manpower said.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; Chris Wellisz at cwellisz@bloomberg.net

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