Ontario Economy Growing, Creating Jobs
McGuinty Government Improving Business Climate to Support Job Creation
The McGuinty government's job creation and economic growth plan is working.
Ontario added 20,200 jobs in June. The total number of full-time jobs created was 35,100. The unemployment rate fell to 7.7 per cent.
Ontario's economy is on the right track as a result of strong action to eliminate the deficit, help businesses grow and create jobs for families across the province.
Providing the right climate to attract investment and build business is part of the McGuinty government's plan to create jobs and strengthen the economy. A strong economy protects the services that mean most to families - health care and education.
- As of June 2012, Ontario employment was 73,400 net jobs above its pre-recession peak in September 2008.
- Employment has increased by 339,200 net new jobs from the recessionary low in June 2009.
- Ontario created 121,300 net new jobs in 2011, more than 45 per cent of all jobs created in Canada last year.
- In 2011, Ontario ranked first of all major jurisdictions in North America in foreign direct investment per capita, according to fDi Intelligence (Financial Times Ltd).
- Ontario attracted 840 foreign direct investment projects between 2003-2011, accounting for about $50 billion and over 97,500 jobs, according to fDi Intelligence (Financial Times Ltd).
“Our focus remains on job creation and taking strong action to eliminate the deficit to protect the services that Ontario families rely on - like health care and education. Ontario is committed to building a strong business climate, attracting further investment to the province and creating a prosperous economy for future generations.”