Employment in Ontario increased by 34,700 in September, the third straight month of job gains,and the unemployment rate fell to 5.6 per cent, the lowest level since July 2000.Employment in Ontario is up 169,500 year-over-year. The province’s unemployment rate has been below the national average for 30 consecutive months.
The employment increase included gains in sectors such as wholesale and retail trade, and manufacturing.
- On a year-over-year basis, employment has increased in many economic regions across the province, including Muskoka-Kawarthas (11.1 per cent), Hamilton-Niagara Peninsula (6.3 per cent) and Kitchener-Waterloo-Barrie (6.0 per cent).
- Over the last three years, Ontario’s real GDP growth has outpaced that of all G7 countries.
- On a year-to-date basis, retail sales advanced 6.8 per cent over the first seven months of 2017, compared to the same period in 2016.
- On a year-to-date basis, wholesale trade rose 9.1 per cent over the first seven months of 2017, compared to the same period in 2016.
- Employment in 2017 is forecast to increase by 94,000 net new jobs. In 2016, Ontario employment increased by 76,400 net new jobs.
Photo Credit: Impact Plumbing