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Canadian Company Net Hiring Plans Climb, Manpower Says

Dec. 11 (Bloomberg) -- 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.

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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