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Ontario’s Economy Continues To Create Jobs

Ontario’s economy continues to create jobs, with 29,200 jobs added in October in the midst of a challenging global economy. This brings the total increase in employment since the recessionary low in June 2009 to 559,600.

Ontario experienced employment growth in a number of key sectors this month, including trade (+16,400), public administration (+11,500) and manufacturing (+10,800). Ontario’s unemployment rate has also dropped to 6.8%, outpacing the national average.

Ontario’s historic public infrastructure investment — more than $130 billion over 10 years — is making 110,000 jobs possible every year across Ontario, with projects such as roads, bridges, transit systems, schools and hospitals across the province. These investments in modern and integrated infrastructure are critical to creating jobs, fostering a dynamic and innovative business climate and driving growth.

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Creating jobs and opportunities is part of the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
Quick Facts

Ontario’s real Gross Domestic Product (GDP) increased 0.4% (1.4% annualized) in the second quarter of 2015.
Ontario manufacturing sales rose 1.1% over the first eight months of 2015, compared to the same period in 2014.
Ontario retail sales rose 4.4% over the first eight months of 2015, compared to the same period in 2014.

Quotes

“Our government understands that in a volatile global economic climate, we need to continue investing in our people and in our infrastructure to grow our economy. That’s why we have committed to the largest infrastructure investment in Ontario’s history, which will benefit communities across the province. We remain focussed on our economic policy to ensure Ontario continues to lead Canada in growth for future generations to come.”

Brad Duguid – Minister of Economic Development, Employment and Infrastructure

“Jobs are being created in Ontario because our economic plan is resilient and it is working, despite the challenging economic climate. It rests on a foundation of fiscal responsibility and strategic investments. Thanks to our prudent approach our economy is leading in Canada, and economists across the country expect it to continue to do so.”

Deb Matthews – Deputy Premier

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