Employment in Ontario increased by 18,900 in November including gains in finance, insurance, real estate, rental and leasing and information, culture and recreation.
Ontario’s unemployment rate decreased to 6.3 per cent in November, and has been lower than the national average for 19 months in a row.
The November job numbers bring the total increase in employment since the recessionary low in June 2009 to 660,000. The majority of these new jobs are full time positions, in the private sector and in industries that pay above-average wages.
Ontario’s economy is growing and it is expected to remain one of the fastest-growing in Canada over the next two years. According to the recently released Provincial Economic Accounts, Ontario’s real GDP increased 2.5 per cent in 2015, and has outpaced the national average for the second consecutive year.
Through sound financial management, the government is on track to balance the budget next year, in 2017-18, and remain balanced in 2018-19.
Brad Duguid Minister of Economic Development and Growth ha said “I am pleased Ontario’s economy remains strong in a number of key sectors and regions. Our strategy to support a dynamic business climate where employers can create good jobs and the economy can grow is getting results. November’s job numbers show our economy continues to gain momentum, but there is more work to do. We will continue our efforts to make Ontario’s economy more globally competitive, growing it and helping people in their everyday lives in the process.”