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The brand new year started with some optimism and we have seen some good signals related to Canada's job market. During project control jobs canada the first quarter the being out of work rate improved for a kick off point around 7. 2 finishing the quarter at a a few. 9 unemployment rate. Over the course of the 12 months ending Mar 2014 Canada added 190000 jobs adding 43000 employment in March alone.
In generating this summary I check out a number of big picture factors as well as Eagle's own experiences on the front end of delivering talent to our clients throughout the country. From these indicators you see trends and understand in which the opportunities are for jobs Canada.
Positive movement in the stock market will result in investment through public companies in tasks in infrastructure and other growing initiatives which at the end of the day suggests jobs. I use the TSX as my guide and it also continued its upward craze in Q1 ending often the quarter with a reading associated with close to 14200 which is nearly 100 points higher than the beginning of the quarter. This would declare that we can expect these public corporations to start to invest and with luck , that results in more Canadian work.
Canada's oil sector remains with its challenges of gaining approval for much needed conduite which is somewhat restricting development in that sector however through most market standards the oil patch is good. The price of a barrel connected with oil at quarter end was around $108 rather than $100 at the start of the fraction with a strong oil value being one indicator of the appetite for investment and growth in jobs. That continues to be Alberta leading often the charge but Saskatchewan and British Columbia also benefit from jobs in often the oil patch. This field employs huge numbers of people across all professions and trades along with continues to be a big area of probability to job seekers.
The financial market is centered primarily with Toronto but also has a powerful presence in Montreal which is a huge employer here in Europe. This sector continues to produce a huge demand for talent and is particularly one that job seekers would be a good idea to target. The big driver of demand for talent in this market will be regulatory change cut-throat pressures technological change creativity and the impact of going baby boomers over the coming decades.
Another big employer in Canada is the telecommunications sector. Powered by technological change competitive pressures infrastructure growth development into new markets as well as again the impact of going boomers this is a sector which is always looking for talent.
As anyone who has done some remodel work or bought a brand-new home will know the trades come in big demand. This is an portion of opportunity with good ability to move in the industry competitive incomes and big demand. In addition to the traditional houses type work and large making construction there are continuing significant projects within various industries such as the oil patch.
Government authorities across Canada are big employers but in recent years happen to be under pressure to reduce spending in addition to cut back on headcount. That does not necessarily mean however that there is no option. Government continue to invest in assignments that will result in more efficient shipping of services in clientele focused initiatives and will often provide support to particular regions and special interest groups. While the opportunity may not be as clear cut just as the past there is still a really large impending impact by retiring boomers who due to their pension structure are very more likely to take their retirement
Often the staffing industry is the most significant provider of talent in just about any economy and an excellent barometer from the health of our economy. The particular Canadian Staffing Index would suggest that demand has fluctuated by 2013 and into the initial quarter of 2014 although is generally headed upwards at the same time gently. Here at Eagle we all saw an increase of 7 in individuals applying to us for work opportunities however we saw a a lot bigger increase in demand eighteen for talent from our clients. Put together with earlier data this would suggest that in the specialized space we are seeing a regular greater demand for talent and at the same time a decrease in available ability.
