Province Continues Focus on Job Creation in the New Year
Employment in Ontario increased by 9,100 in December — bolstered by gains in construction and professional, scientific and technical services.
On an annual average basis, the total increase in Ontario’s employment in 2016 was 76,400. The majority of these new jobs are full-time positions, in the private sector and in industries that pay above-average wages.
Ontario’s unemployment rate was 6.4 per cent in December, and has been lower than the national average for 20 months in a row.
Ontario’s economy is growing and is expected to remain one of the fastest-growing in Canada over the next two years. According to the recently released Provincial Economic Accounts, Ontario’s real GDP increased 2.5 per cent in 2015, outpacing the national average for the second consecutive year.
By managing government finances in a responsible and fiscally sound way, including taking a cautious approach to estimating pension expense, Ontario forecasts a balanced budget this year and it will remain balanced in 2018-19.
Supporting Ontario’s workforce is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- On a year‐to‐date basis, Ontario’s new motor vehicle sales rose 6.1 per cent over the first 10 months of 2016, compared to the same period in 2015.
- Retail sales in Ontario increased 1.5 per cent in October, the largest increase in dollar terms across the country. This represents the largest percentage increase since January 2016.
- Since 2013, the Southwestern Ontario Development Fund and Eastern Ontario Development Fund have helped support more than 35,000 jobs and attracted over $1.71 billion in investment in communities across the province.
- The Government of Ontario currently has the lowest program spending per capita among Canadian provinces and ranks the lowest among provinces in terms of public sector employees per capita.
“Our government has made economic growth and job creation its top priority, and our efforts are clearly paying off. We have worked hard to ensure an economic environment that is positive and allows the private sector to create good jobs and drive economic growth.” — Brad Duguid, Minister of Economic Development and Growth
“Today more people are working and contributing to their communities. Looking ahead for 2017, we are focused more than ever on growing our economy to deliver real benefits in the lives of Ontario workers and their families. ”
— Charles Sousa, Minister of Finance