Ontario’s Economy Expands and Creates Jobs Ontario Gains 43,600 Jobs in August
FROM: Ministry of Economic Development, Trade and Employment
Ontario’s Economy Expands and Creates Jobs
Our government’s plan to grow the economy and create jobs is getting results. We’re focused on strengthening Ontario’s economy by investing in our highly skilled workforce, boosting our innovative business climate and taking advantage of opportunities at home and abroad. We will continue to focus our efforts on building a thriving economy that provides opportunities, jobs and prosperity for all Ontarians.” Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment
Ontario’s economy continued to gain strength as the provincial government continued its focus on job creation and economic growth. In August, the province gained 43,600 jobs, the second largest gain made in a month since 2009. Youth employment rose by 13,300 jobs.
Employment in Ontario has increased by 477,300 net jobs from a low in June 2009, with full-time employment up 442,200. This means Ontario has recovered all the jobs lost during the recession and continues to outpace the United States and all of the Great Lakes States in job creation since June 2009.
Ontario is focused on creating the right climate to attract investment and build a strong, innovative economy that provides jobs, opportunities and prosperity for all.
Quick Facts
- Job creation in Ontario’s manufacturing sector has increased by 7,600 jobs for the month of August.
- The government’s new Youth Jobs Strategy would help create job opportunities for about 30,000 youth, while promoting entrepreneurship and innovation.
- This fall, the government is launching the Youth Employment Fund to provide $195 million in funding for employment support services, wages and training, and job related costs for youth.
- In 2012, Ontario ranked third in North America for the number of foreign direct investment projects.
- Ontario is on track to eliminate the deficit by 2017–18. The province is the only government in Canada projected to beat its deficit forecast four years in a row.
