Few businesses hiring, firing this quarter: survey | Saskatoon StarPhoenix
An overwhelming majority of Saskatoon-based businesses say they have no plans to hire new workers or get rid of existing ones this quarter, according to a new survey from the Manpower Group.
Only seven per cent of local businesses surveyed said they plan to hire, while an additional seven per cent said they anticipate cutbacks between October and December, the group said in its latest employment outlook survey.
That means the city’s “net employment outlook” — businesses that plan to hire, less those that plan to cut back — is five per cent on a seasonally adjusted basis, down eight points from the third quarter, Manpower representative Stepan Arman said in a statement.
“It is also a decrease of three percentage points from the Outlook reported during the same time last year, indicating a reserved hiring pace for the upcoming months.”
At 8.2 per cent, up from 6.6 per cent a year ago, Saskatoon’s unemployment rate is higher than that of every major city in the country except Edmonton and Calgary. It is also well above the provincial average of 6.9 per cent.