____ Posted Tuesday August 8, 2017 ____
Share

____________________
Labour

Ontario Adds 25,500 Jobs in July

Ontario's economy continues to perform strongly, adding 25,500 jobs in July. There was an increase of 17,600 full-time jobs and 7,900 part-time jobs.

Employment in Ontario is up 137,900 jobs, year over year. The province's unemployment rate has been below the national average for 28 consecutive months.

The employment increase was led by gains in the information, culture and recreation, wholesale and retail trade and business, building and other support services sectors.

Highlighted in the province's 2017 First Quarter Ontario Economic Accounts, Ontario's real GDP grew one per cent in the first quarter of 2017, outperforming Canada, the United States and all other G7 countries. This builds on a 0.5 per cent boost to real GDP posted in the fourth quarter of 2016.

Increased business investment and consumer spending were the primary drivers behind the overall GDP increase. Business investment grew 5.5 per cent, with residential construction rising by nearly eight per cent.



Like what you read? Help us grow our article development program.
Content published on this site represents the opinion of the individual/organization and/or source provider and/or content provider. ExchangeMagazine.com is non-partisan, online business journal serving Southern Ontario, Canada. Privacy Policy. Copyright of Exchange Magazine content is the copyright of Exchange Business Communications Inc. 2017. Additional editorials, comments and releases are copyright of respective source(s) and/or independent columnist, enterprises, research institutes, or educational, trade and economical focused organizations.

Exchange Magazine Paper Version
Exchange Magazine - Digital version

MARKET EXCHANGES

_____________________


_____________________


_____________________


_____________________


_____________________

_____________________


More features & Profiles

 

Subscription Options