BeckwithBomar67
The brand new year started with some expectations and we have seen some good symptoms related to Canada's job market. Throughout canada project controls the first quarter the unemployment rate improved for a kick off point around 7. 2 stopping the quarter at a some. 9 unemployment rate. Over the 12 months ending Drive 2014 Canada added 190000 jobs adding 43000 jobs March alone.
In producing this summary I have a look at a number of big picture factors in addition to Eagle's own experiences for the front end of delivering talent to our clients country wide. From these indicators you can see trends and understand the location where the opportunities are for job in Canada.
Positive movement inside the stock market will result in investment through public companies in jobs in infrastructure and other progress initiatives which at the end of the day signifies jobs. I use the TSX as my guide plus it continued its upward development in Q1 ending the particular quarter with a reading connected with close to 14200 which is practically 100 points higher than the start of the quarter. This would declare that we can expect these public organizations to start to invest and hopefully that results in more Canadian job opportunities.
Canada's oil sector carries on with its challenges of getting approval for much needed canal which is somewhat restricting progress in that sector however by most market standards typically the oil patch is powerful. The price of a barrel connected with oil at quarter end was around $108 rather than $100 at the start of the 1 / 4 with a strong oil price being one indicator of the appetite for investment in addition to growth in jobs. It continues to be Alberta leading typically the charge but Saskatchewan and British Columbia also benefit from jobs in the oil patch. This industry employs huge numbers of people across most professions and trades and also continues to be a big area of probability to job seekers.
The financial market is centered primarily inside Toronto but also has a powerful presence in Montreal which is a huge employer here in Europe. This sector continues to build a huge demand for talent and it is one that job seekers would be smart to target. The big driver connected with demand for talent in this segment will be regulatory change cut-throat pressures technological change innovation and the impact of heading off baby boomers over the coming many years.
Another big employer canada is the telecommunications sector. Pushed by technological change aggressive pressures infrastructure growth extension into new markets and again the impact of going boomers this is a sector that is certainly always looking for talent.
As anyone who has done some restoration work or bought a brand-new home will know the trades are usually in big demand. This is an part of opportunity with good range of motion in the industry competitive incomes and large demand. In addition to the traditional homes type work and large making construction there are continuing major projects within various areas such as the oil patch.
Authorities across Canada are big employers but in recent years are already under pressure to reduce spending as well as cut back on headcount. That does not mean however that there is no possibility. Government continue to invest in tasks that will result in more efficient shipping of services in buyer focused initiatives and will constantly provide support to selected regions and special attention groups. While the opportunity is probably not as clear cut as in the past there is still an incredibly large impending impact by retiring boomers who utilizing their pension structure are very likely to take their retirement
Typically the staffing industry is the major provider of talent in just about any economy and an excellent barometer of the health of our economy. The Canadian Staffing Index indicate that demand has fluctuated through 2013 and into the initial quarter of 2014 but is generally headed upwards even though gently. Here at Eagle we saw an increase of 7 in persons applying to us for careers however we saw a considerably bigger increase in demand 17 for talent from our clients. Put together with earlier files this would suggest that in the expert space we are seeing an identical greater demand for talent and also a decrease in available natural talent.
