Ontario Adds 25,400 Jobs in October
Province Focused on Supporting Economic Growth
Employment in Ontario increased by 25,400 in October -- including gains in construction and wholesale and retail trade.
Ontario's unemployment rate decreased to 6.4 per cent in October, and has been lower than the national average for 18 months in a row.
The October job numbers bring the total increase in employment since the recessionary low in June 2009 to 641,100. The majority of these new jobs are full time positions, in the private sector and in industries that pay above-average wages.
Retail activity in the province remains strong. Retail sales rose 4.9 per cent and new motor vehicle sales in the province rose 7.3 per cent over the first eight months of 2016, compared to the same period last year.
Ontario's economy is growing and it is expected to remain one of the fastest-growing in Canada over the next two years.
Through sound financial management, the government is on track to balance the budget next year, in 2017-18, and 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.
- Employment growth has occurred in a number of regions. The strongest year-over-year employment growth occurred in Stratford-Bruce Peninsula (11.7 per cent), Muskoka-Kawarthas (11.1 per cent) and Kingston-Pembroke (9.0 per cent).
- 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.
- Ontario is making the largest investment in public infrastructure in the province's history — about $160 billion over 12 years — which is supporting 110,000 jobs every year across the province, with projects such as hospitals, schools, roads, bridges and transit. Since 2015, the province has announced support for more than 475 projects that will keep people and goods moving, connect communities and improve quality of life. To learn more about infrastructure projects in your community, go to Ontario.ca/BuildON.
- Ontario’s five-year, $400-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale-up and modernizing regulations for businesses.
“Ontario is supporting a positive environment where employers can create good jobs and the economy can grow. October’s job numbers show our economy continues to gain momentum, but we know there is more work to do. We will continue to move forward with our efforts to make our economy more globally competitive, growing it and creating jobs in the process.”