Summer job market heating up, especially in manufacturing: BMO
Survey shows plants among mostly likely to hire students, recent grads.
TORONTO — The job market is heating up for students, especially in manufacturing.
The Canadian Labour Force Survey shows youth numbers were strong in May, increasing by 54,400 jobs over the previous month and a BMO Bank of Montreal survey found 51% of Canadian businesses are planning to hire students or recent graduates this year.
“We’ve seen more companies investing in employee training and development, which will help business owners ensure they have a supply of talented employees who are prepared to drive performance,” said Steve Murphy, senior vice-president, commercial banking at BMO Bank of Montreal.
The survey shows 30% of employers plan to take on a paid summer student and 21% plan to hire a recent graduate as a permanent employee.
Regionally, job prospects for students and graduates are the brightest in Ontario (56%), followed by the Atlantic Provinces (53%) and Quebec (52%).
Manufacturing and the service sectors (35%) are the most likely to hire a paid summer student, followed by the agricultural sector (34%). And manufacturers (25%) are most likely to hire a recent graduate as a permanent employee.
Business/financial (37%), retail (25%) and construction (22%) companies are the most likely to hire a recent graduate as a paid intern.
Pollara conducted the report between Feb. 25 and March 15 using a sample of 500 Canadian business owners with a margin of error of ± 4.4%, 19 times out of 20.