Ontario Economy Adds 1,300 Jobs in January
Province Continues to Strengthen Economy to Support Jobs and Opportunities
Employment in Ontario increased by 1,300 in January. Ontario's youth employment (ages 15-24) rose by 4,500. This brings the total number of employment added since the recessionary low in June 2009 to 508,700.
Here's a look at Ontario's job market by the numbers:
- 508,700 -- Employment gain since the depths of the recession in June 2009.
- 347,500 -- Private sector employment gain since June 2009.
- 6.9% -- Unemployment rate in Jan. 2015, down from a recessionary high of 9.6 per cent in June 2009.
- 15.3% -- Youth unemployment rate in Jan. 2015, down 0.6 percentage points from Dec.
- 3.6 % -- Percentage that employment is above the October 2008 pre-recession peak
Creating jobs and opportunities is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
- Ontario’s 10-year, $2.5 billion Jobs and Prosperity Fund is part of a comprehensive plan for creating jobs and growing the economy.
- The Southwestern and Eastern Ontario Development Funds have attracted more than $1.25 billion in investment and have helped to create and retain more than 29,000 jobs in Ontario communities.
- Since its launch in September 2013, the Youth Employment Fund, a key program of the Youth Jobs Strategy, has helped 26, 582 youth access job opportunities, develop skills and gain valuable work experience.
“Our government is working hard to build on the strengths we’ve gained since the global recession, but there is still more work to do. By investing in our people and partnering with businesses, we are helping to create an inviting investment climate to continue growing our economy and increase our global competitiveness.”