Employment in Ontario is on the rise.
Throughout 2016, the average total increase in Ontario’s employment was 76,400, according to the Ministry of Economic Development and Growth.
December alone saw an increase of 9,1000 jobs, mostly in construction and professional, scientific and technical services. During the month, the unemployment rate was 6.4 per cent, which is lower than the national average over the past 20 months in a row.
The new jobs are full-time positions in industries that pay above-average wages, states the Ministry.
— Ontario Economy (@ONeconomy) January 6, 2017
“Our government has made economic growth and job creation its top priority, and our efforts are clearly paying off. We have worked hard to ensure an economic environment that is positive and allows the private sector to create good jobs and drive economic growth,” said Brad Duguid, Minister of Economic Development and Growth, in a press release.
Ontario’s economy continues to grow, and is expected to be one of the fastest-growing in Canada over the next two years. The province’s real GDP increased 2.5 per cent in 2015, outpacing the national average for the second consecutive year.
Looking ahead, the Ministry forecasts a balanced budget for Ontario this year, and states that it will remain balanced in 2018-19.