Province’s focus on job creation is paying off.
On November 3rd, 2017 the Province reports that employment in Ontario has increased by 5,200 jobs in the month of October alone. This means that employment is up by 149,200 jobs over the last year.
This reflects the fact that the province’s unemployment rate has been below the national average for 31 consecutive months.
Ontario’s five-year and $ 650-million Business Growth Initiative plan is successful. It is helping to grow the economy and creates jobs by promoting an innovation-based economy, helping small companies scale-up and by modernizing regulations for businesses.
Ontario’s real gross domestic product (GDP) increased by 1.0 percent in the first quarter of 2017 and by 0.8 percent in the second quarter of 2017.
The employment in 2017 is forecast to increase by 1.4 percent translating into 99,000 net new jobs. In 2016, Ontario employment increased by 1.1 percent or 76,400 net new jobs.
This comes after manufacturing sales rose 3.2 percent over the first 8 months of 2017 compared to the same period in 2016.
Supporting Ontario workers and businesses is part of our Liberal plan to create jobs, grow our economy and helping people in their everyday lives.