Employment is always an important indicator of economic
growth and success and the figure below provides a good perspective on how some
of Ontario’s major centers are doing when it comes to job creation. Employment data from Statistics Canada
is used to compare total employment growth between 2001 and 2016 for 15 major
CMAs. These major CMAs are ranked
from highest to lowest and their employment growth ranges from a high of 38.8
percent for Oshawa to a low of -2.4 percent for Thunder Bay.
Northern Economist 2.0
Showing posts with label employment growth. Show all posts
Showing posts with label employment growth. Show all posts
Thursday 19 January 2017
Sunday 5 February 2012
Where the Jobs Are – Ontario Edition
Statistics Canada’s labor force release on Friday revealed
that in Ontario there was an increase in the number of people searching for
work which pushed the unemployment rate up 0.4 percentage points
to 8.1%. In the 12 months to January 2012, employment in
the province increased with all the growth occurring in
the first half of the period. When
the numbers are examined by major urban centre, it becomes apparent that a
slowdown in employment growth has begun over the last six months with much of
it is being driven by the Toronto area.
The two accompanying figures show the percentage change in seasonally
adjusted monthly employment for major Ontario centers January 2011 to January 2012 (Figure 1) and August 2011 to January 2012 (Figure 2).
Year over year (Figure 1), there were employment increases
in Ottawa-Gatineau, Kingston, Peterborough, Oshawa, Hamilton,
St. Catharines-Niagara, Kitchener-Waterloo-Cambridge, Guelph, Barrie and Thunder Bay. The cities with the largest annual
percent increases in employment were Guelph, Peterborough and Thunder Bay. The last six months (Figure 2) reveal
that a slowdown has indeed begun with employment growth slowing just about
everywhere except Peterborough, Thunder Bay and Hamilton – which all saw
increases in their employment growth rate. Toronto – which accounts for 48 percent of the employment in
Ontario has seen a drop in employment of just under 1 percent over the course
of the year. Brantford has seen
the largest percentage declines in employment. Over the last six months, even the usually robust
Kitchener-Waterloo-Cambridge and Barrie areas have slipped into employment
declines. Right now, the best
places in Ontario for job growth are Peterborough, Hamilton, Guelph and believe
it or not – Thunder Bay.
Friday 3 February 2012
Employment Picture Improves in Thunder Bay
The latest Labour Force Survey numbers from Statistics Canada suggest the Canadian economy as a whole is treading water as employment stayed virtually unchanged while the unemployment rate edged up slightly. However, the results for Thunder Bay show a decline in the unemployment rate to where it now is at 6.2 percent - well below the national average of 7.6 percent. In addition, the numbers for the last four months show that both employment and the labour force have expanded in Thunder Bay. Between October 2011 and January 2012, employment rose from 60,100 to 63,600 - an increase of 6 percent. Meanwhile, the labour force grew from 64,600 to 67,800 over the same period - an increase of 5 percent. Employment has actually been growing faster than the labour force recently which is good economic news. What is the source of all this growth? Well, the numbers are not broken down locally by sector but the national numbers show increases in annual employment growth (January 2011 to January 2012) in the natural resource and construction sectors as well as transportation and housing. It is likely a similar trend is at work in Thunder Bay given the numerous construction job sites dotting the city, the mining service activities and our traditional transportation role.
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