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The fresh year started with some confidence and we have seen some good indicators related to Canada's job market. Over the course of project control jobs alberta the first quarter the lack of employment rate improved for a starting point around 7. 2 stopping the quarter at a some. 9 unemployment rate. Over the course of the 12 months ending Walk 2014 Canada added 190000 jobs adding 43000 jobs March alone.
In creating this summary I examine a number of big picture factors in addition to Eagle's own experiences within the front end of offering talent to our clients across the nation. From these indicators you observe trends and understand where opportunities are for jobs Canada.
Positive movement inside stock market will result in investment simply by public companies in jobs in infrastructure and other growth initiatives which at the end of the day means jobs. I use the TSX as my guide and it also continued its upward craze in Q1 ending the particular quarter with a reading regarding close to 14200 which is virtually 100 points higher than the beginning of the quarter. This would suggest that we can expect these public corporations to start to invest and with luck , that results in more Canadian job opportunities.
Canada's oil sector proceeds with its challenges of increasing approval for much needed pipelines which is somewhat restricting progress in that sector however simply by most market standards often the oil patch is robust. The price of a barrel of oil at quarter finish was around $108 instead of $100 at the start of the one fourth with a strong oil selling price being one indicator of the appetite for investment and also growth in jobs. The idea continues to be Alberta leading the particular charge but Saskatchewan along with British Columbia also benefit from jobs in the oil patch. This field employs huge numbers of people across all professions and trades along with continues to be a big area of opportunity to job seekers.
The financial segment is centered primarily with Toronto but also has a strong presence in Montreal and it is a huge employer here in North america. This sector continues to create a huge demand for talent and it is one that job seekers would be cognizant of target. The big driver involving demand for talent in this field will be regulatory change competitive pressures technological change development and the impact of retiring baby boomers over the coming yrs.
Another big employer in Canada is the telecommunications sector. Powered by technological change competitive pressures infrastructure growth enlargement into new markets in addition to again the impact of going boomers this is a sector that may be always looking for talent.
Anyone who has done some remodelling work or bought a completely new home will know the trades come in big demand. This is an subject of opportunity with good ability to move in the industry competitive incomes and big demand. In addition to the traditional real estate type work and large making construction there are continuing significant projects within various industries such as the oil patch.
Governments across Canada are huge employers but in recent years have already been under pressure to reduce spending as well as cut back on headcount. That does not imply however that there is no chance. Government continue to invest in assignments that will result in more efficient supply of services in clientele focused initiatives and will constantly provide support to selected regions and special interest groups. While the opportunity is probably not as clear cut just as the past there is still an extremely large impending impact from retiring boomers who because of the pension structure are very prone to take their retirement
The staffing industry is the greatest provider of talent in any economy and an excellent barometer from the health of our economy. Typically the Canadian Staffing Index would suggest that demand has fluctuated through 2013 and into the very first quarter of 2014 nevertheless is generally headed upwards even if gently. Here at Eagle all of us saw an increase of 7 in people applying to us for careers however we saw a very much bigger increase in demand 16 for talent from companies. Put together with earlier information this would suggest that in the skilled space we are seeing an identical greater demand for talent and also a decrease in available natural talent.
