As recession fears intensify, Canadian job seekers are confronting a stark reality: job security may no longer be guaranteed, even for top performers.
According to a new Express Employment Professionals-Harris Poll survey, a startling 78% of job seekers believe no job is secure, no matter how well an employee performs, and 75% say job security is becoming a thing of the past. These concerns are reshaping how Canadians approach their careers, with many reporting a dramatic shift in their sense of stability.
More than two-thirds of employed job seekers (68%) say they used to feel stable in their careers, but now everything feels uncertain.
Recession Fears
Over half of job seekers (53%) expect a recession in the next 12 months, while 17% believe we’re already in one.
- 77% worry that any job they accept now may be at risk if the economy worsens.
- 74% are concerned about finding a job during a potential or ongoing recession, with 26% saying they are very concerned.
- 72% feel the current job market forces them to settle for less than they’re qualified for.
- 51% are more concerned about job security than they were a year ago.
What’s more, in light of fear of a coming recession and its impact, 61% of job seekers now believe contract and freelance work offer more control over their future than traditional full-time jobs.
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