Reuters reported that new orders in the manufacturing sector slowed in November, but the future looks bright, based on the RBC Canadian Manufacturing Purchasing Managers' Index. The RBC PMI measures manufacturing business conditions, including output, new orders, employment, inventories, prices, and supplier delivery times. Scores above 50 represent growth in the sector and scores below 50 indicate contraction. New orders in November measured 53, a slight decline from October. Forward-looking new orders score a 58, showing potential business growth and a favorable outlook. Like new order demand, hiring demand declined from October to November. However, the number of job ads posted online in November 2013 was 6% higher than the same time last year. Could this also be a sign of future hiring demand growth?
Hiring Demand in the Manufacturing Sector – 4 Year Hiring Trends
Employers in the manufacturing sector are particularly looking for candidates to fill sales, service, and natural and applied sciences jobs. These occupational areas each experienced year-over-year growth when comparing November 2013 to November 2012. Other tobacco manufacturing (up .2% YOY) and surgical appliance and supplies manufacturing (up 12.6% YOY) continued to lead demand in this sector. Aircraft and electronic computer manufacturing experienced the largest increases, each growing more than 700%. Below are the occupations with the most demand in the manufacturing sector and the highest year-over-year growth.
|Retail Salespersons and Sales Clerks||8.10%|
|Sales Representatives – Wholesale Trade (Non-Technical)||22.70%|
|Retail Trade Managers||37.60%|
|Sales, Marketing and Advertising Managers||-17.00%|
|Computer Programmers and Interactive Media Developers||32.50%|
|Information Systems Analysts and Consultants||52.20%|
|Welders and Related Machine Operators||-7.10%|
|Machinists and Machining and Tooling Inspectors||-7.80%|
|Technical Sales Specialists – Wholesale Trade||1.90%|
|Construction Millwrights and Industrial Mechanics (Except Textile)||53.90%|
Although sales, service, and natural and applied sciences had the highest number of job ads, Construction Millwrights and Industrial Mechanics (Except Textile) experienced the largest increase. Will jobs in the Canadian manufacturing sector continue to rise as new orders continue to grow?
For more information on hiring demand and talent supply demand view this complimentary Talent Sourcing Report of manufacturing demand in Canada.
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