MilicentRoderick701
The brand new year started with some optimism and we have seen some good indications related to Canada's job market. Over the course of project control jobs canada the first quarter the lack of employment rate improved for a starting point around 7. 2 finishing the quarter at a 6th. 9 unemployment rate. Over the course of the 12 months ending March 2014 Canada added 190000 jobs adding 43000 job in March alone.
In producing this summary I look at a number of big picture factors as well as Eagle's own experiences about the front end of giving talent to our clients across the country. From these indicators you observe trends and understand where the opportunities are for opportunities in Canada.
Positive movement within the stock market will result in investment by means of public companies in tasks in infrastructure and other growing initiatives which at the end of the day means jobs. I use the TSX as my guide and yes it continued its upward tendency in Q1 ending the particular quarter with a reading associated with close to 14200 which is nearly 100 points higher than the beginning of the quarter. This would suggest that we can expect these public firms to start to invest and with any luck , that results in more Canadian jobs.
Canada's oil sector goes on with its challenges of earning approval for much needed canal which is somewhat restricting growing in that sector however by simply most market standards the particular oil patch is robust. The price of a barrel associated with oil at quarter conclusion was around $108 as opposed to $100 at the start of the 1 / 4 with a strong oil selling price being one indicator of the appetite for investment and growth in jobs. That continues to be Alberta leading the actual charge but Saskatchewan along with British Columbia also benefit from jobs in typically the oil patch. This field employs huge numbers of people across all professions and trades and continues to be a big area of opportunity to job seekers.
The financial sector is centered primarily with Toronto but also has a good presence in Montreal which is a huge employer here in Canada. This sector continues to develop a huge demand for talent and is particularly one that job seekers would be a good idea to target. The big driver associated with demand for talent in this market will be regulatory change aggressive pressures technological change creativity and the impact of settlement baby boomers over the coming several years.
Another big employer canada is the telecommunications sector. Pushed by technological change competing pressures infrastructure growth expansion into new markets and also again the impact of going boomers this is a sector that is certainly always looking for talent.
Anyone who has done some remodelling work or bought a fresh home will know the trades will be 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 real estate type work and large developing construction there are continuing significant projects within various industries such as the oil patch.
Governments across Canada are big employers but in recent years have already been under pressure to reduce spending along with cut back on headcount. That does not imply however that there is no prospect. Government continue to invest in assignments that will result in more efficient distribution of services in consumer focused initiatives and will usually provide support to a number of regions and special curiosity groups. While the opportunity probably are not as clear cut like the past there is still an extremely large impending impact via retiring boomers who due to their pension structure are very very likely to take their retirement
The actual staffing industry is the largest provider of talent in just about any economy and an excellent barometer in the health of our economy. The actual 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 we all saw an increase of 7 that patients suffer from applying to us for jobs however we saw a very much bigger increase in demand eighteen for talent from our clients. Put together with earlier info this would suggest that in the professional space we are seeing a standardized greater demand for talent and also a decrease in available ability.
