Ontario’s unemployment rate decreases . . . slightly
unemployment rate decreased
Troy Media – Central 1 Credit Union
Employment in Ontario totalled 6.75 million persons in December, up a slight 15,700 persons (0.2 per cent) from November, according to the results of Statistics Canada’s latest Labour Force Survey.
Ontario’s unemployment rate decreased to 7.7 per cent in December from 7.9 per cent in November. All numbers are seasonally-adjusted, unless otherwise noted.
December’s employment increase was concentrated in professional-technical services and manufacturing. The net gain was entirely in part-time jobs. Employment declined among younger workers aged 15 to 24, but increased among workers 25 and over.
Total employment averaged 6.73 million persons in Ontario in 2011, not seasonally adjusted, up 121,000 persons (1.8 per cent) from 2010. The unemployment rate averaged 7.8 per cent of the labour force last year, down from 8.7 per cent in 2010.
We forecast job growth of 1.5 per cent per year through 2013, with the unemployment rate declining to average 7.3 per cent in 2013.
Regions
Regionally, recent job gains were concentrated in the Hamilton-Niagara, Kingston-Pembroke, Muskoka- Kawarthas and Northwest regions, offset by declines in the Toronto, London and Kitchener-Waterloo regions.
Toronto: The latest seasonally adjusted, short-term trends in labour market indicators are negative. Over the latest three months, average employment decreased by an estimated 33,300 persons (1.1 per cent) from the previous three months, while the average unemployment rate increased from 7.9 per cent to 8.8 per cent of the labour force.
unemployment rate decreased
Hamilton-Niagara Peninsula: The latest seasonally adjusted, short-term trends in labour market indicators are positive. Over the latest three months, average employment increased by an estimated 13,400 persons (1.9 per cent) from the previous three months, while the average unemployment rate decreased from 7.5 per cent to 6.8 per cent of the labour force.
Ottawa: The latest seasonally adjusted, short-term trends in labour market indicators are weak. Over the latest three months, average employment was little changed from the preceding three months, while the average unemployment rate increased from 5.9 per cent to 6.8 per cent of the labour force.
Kitchener-Waterloo-Barrie: The latest seasonally adjusted, short-term trends in labour market indicators are negative. Over the latest three months, average employment decreased by 4,700 persons (0.7 per cent) from the prior three months, while the average unemployment rate remained at 7.2 per cent of the labour force.
Windsor-Sarnia: The latest seasonally adjusted, short-term trends in labour market indicators are negative. Over the latest three months, average employment inched down by an estimated 500 persons (0.2 per cent) from the prior three months, while the average unemployment rate increased from 8.7 per cent to 9.7 per cent of the labour force.
London: The latest seasonally adjusted, short-term trends in labour market indicators are negative. Over the latest three months, average employment decreased by an estimated 5,400 persons (1.7 per cent) from the prior three months, while the average unemployment rate increased from 8.6 per cent to 9.0 per cent of the labour force.
Northeast: The latest seasonally adjusted, short-term trends in labour market indicators are negative. Over the latest three months, average employment decreased by an estimated 900 persons (0.3 per cent) from the prior three months, while the average unemployment rate declined from 8.0 per cent to 6.6 per cent of the labour force. This region’s population and labour force are in decline.
Kingston-Pembroke: The latest seasonally adjusted, short-term trends in labour market indicators are positive. Over the latest three months, average employment increased by an estimated 3,400 persons (1.6 per cent) from the preceding three months. Meanwhile, the average unemployment rate declined from 7.6 per cent to 6.9 per cent of the labour force.
Muskoka-Kawarthas: The latest seasonally adjusted, short-term trends in labour market indicators are positive. Over the latest three months, average employment increased by an estimated 6,400 persons (3.6 per cent) from the previous three months, while the average unemployment rate declined from 8.8 per cent to 7.3 per cent of the labour force.
Stratford-Bruce Peninsula: The latest seasonally adjusted, short-term trends in labour market indicators are negative. Over the latest three months, average employment decreased by an estimated 900 persons (0.6 per cent) from the preceding three months. Meanwhile, the average unemployment rate was unchanged at 5.2 per cent of the labour force.
Northwest: The latest seasonally adjusted, short-term trends in labour market indicators are positive. Over the latest three months, average employment increased by an estimated 2,400 persons (2.3 per cent) over the preceding three months. Meanwhile, the average unemployment rate was unchanged at 6.7 per cent of the labour force.
Category: Business
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