PentonLatham401
The modern year started with some positive outlook and we have seen some good symptoms related to Canada's job market. During the period of oil and gas project control jobs the first quarter the joblessness rate improved for a starting place around 7. 2 concluding the quarter at a 6. 9 unemployment rate. Over the 12 months ending Walk 2014 Canada added 190000 jobs adding 43000 job in March alone.
In generating this summary I check out a number of big picture factors besides Eagle's own experiences on the front end of offering talent to our clients around the world. From these indicators we can see trends and understand where opportunities are for job in Canada.
Positive movement in the stock market will result in investment by means of public companies in tasks in infrastructure and other development initiatives which at the end of the day suggests jobs. I use the TSX as my guide also it continued its upward trend in Q1 ending the particular quarter with a reading regarding close to 14200 which is nearly 100 points higher than the start of the quarter. This would claim that we can expect these public firms to start to invest and with luck , that results in more Canadian jobs.
Canada's oil sector proceeds with its challenges of attaining approval for much needed pipelines which is somewhat restricting growth in that sector however through most market standards the particular oil patch is good. The price of a barrel associated with oil at quarter conclusion was around $108 as opposed to $100 at the start of the quarter with a strong oil selling price being one indicator of your appetite for investment and growth in jobs. This continues to be Alberta leading the charge but Saskatchewan as well as British Columbia also benefit from jobs in the actual oil patch. This market employs huge numbers of people across just about all professions and trades along with continues to be a big area of opportunity to job seekers.
The financial sector is centered primarily throughout Toronto but also has a strong presence in Montreal and is a huge employer here in North america. This sector continues to produce a huge demand for talent and is also one that job seekers would be a good idea to target. The big driver involving demand for talent in this sector will be regulatory change reasonably competitive pressures technological change creativity and the impact of settlement baby boomers over the coming decades.
Another big employer in Canada is the telecommunications sector. Driven by technological change competing pressures infrastructure growth enlargement into new markets and also again the impact of going boomers this is a sector that may be always looking for talent.
As anyone who has done some remodel work or bought a completely new home will know the trades come in big demand. This is an section of opportunity with good flexibility in the industry competitive incomes and big demand. In addition to the traditional housing type work and large building construction there are continuing important projects within various areas such as the oil patch.
Authorities across Canada are huge employers but in recent years are already under pressure to reduce spending and also cut back on headcount. That does not necessarily mean however that there is no opportunity. Government continue to invest in projects that will result in more efficient shipping of services in buyer focused initiatives and will usually provide support to specific regions and special desire groups. While the opportunity will not be as clear cut as in the past there is still an extremely large impending impact coming from retiring boomers who due to their pension structure are very likely to take their retirement
The staffing industry is the most significant provider of talent in any economy and an excellent barometer of the health of our economy. The particular Canadian Staffing Index indicate that demand has fluctuated by way of 2013 and into the first quarter of 2014 yet is generally headed upwards even though gently. Here at Eagle we saw an increase of 7 in individuals applying to us for jobs however we saw a very much bigger increase in demand 18 for talent from companies. Put together with earlier data this would suggest that in the specialized space we are seeing a regular greater demand for talent and also a decrease in available talent.
