June 2015 Ontario job numbers up
Since the bottom of the recession, in the fall of 2009, Ontario has created 568,100 net new jobs. Almost all of these are full-time jobs. And nearly 80 percent of those jobs are in the private sector. In June 2015 alone Ontario saw a net increase (which means jobs gained minus jobs lost) of approximately 34,200 full time jobs. Here is how it breaks down:
- Full-time employment: +34,200 (increase);
- Part-time employment: – 20,200 (decrease);
- June net jobs: + 14,000 (increase).
Ontario’s unemployment rate stands at 6.5 percent, unchanged from May 2015, and below the Canadian national average of 6.8 percent.
- Net jobs in Ontario since the recessionary low in June 2009: +568,100;
- Full-time employment up 563,900;
- Part time employment up 4,100.
Ontario had recovered all of its recession jobs lost by spring of 2011, fully three years ahead of the United States. Job recovery percentages from the recessionary low: in Ontario: 208.5 percent; in the United States: 139.9 percent. Or to put it in a different way, stimulus once again beats austerity all hollow!
- Ontario will invest $130 billion in infrastructure during the next ten years, supporting more than 110,000 jobs per year;
- In 2015, Ontario became the number one jurisdiction for foreign direct investment anywhere in North America – ahead of places like California, New York, and Texas.
Ontario has built a dynamic and innovative business climate by reducing taxes and making the taxation system more efficient for small businesses, encouraging more investment from businesses in training and equipment, helping companies go global while creating jobs at home, and creating the next generation of manufacturing jobs. Ontario’s plan is balanced, fiscally responsible, and fair to Ontario families. The Province has never missed a deficit reduction target on the route back to a balanced budget, as planned, in 2017-18.