Ontario Gains In Employment and Has A Low Unemployment Rate

January 07, 2019
As per the 2018 Statistics Canada data, Ontario was leading among the Canadian provinces and territories in employment growth.

The figures are impressive

There was an increase in the number of employed people in the province by 78000 in the full-time employed category.  Additionally, there was a decline in the provincial unemployment rate to 5.4 percent. This is the second lowest rate of unemployment in the provinces of Canada. This was also a record low unemployment rate (4.4 percent) in the British Columbia province in 2018. The growth in employment was 44,000 in British Columbia, and most of the people had full-time employment. It grew at the rate of 1.8 percent, which is impressive in comparison to the national average.

Ontario Gains In Employment and Has A Low Unemployment Rate

Saskatchewan province 

Moreover, Saskatchewan province had an employment rate growing more the national average in 2018. The growth in employment was 11000 at a rate of 1.9 percent. The provincial rate of unemployment declined by 0.9 % and was standing at 5.6 percent.

Moreover, the unemployment rate of Canada in 2018 was 5.6 percent. This is a record low rate in Canada since 1976. The overall growth in employment was 163,000, at a rate of 0.9 percent mostly in full-time employment. The reason behind this is service industries like healthcare and social assistance, where the gain was 74000. The other major growth areas were building business and other support services with a figure of 59000.

Decline in an unemployment rate 

In November 2018, a Survey also showed that the Canadian unemployment rate was record low. 19 million people were employed and the rate of unemployment was 5.6 percent. Quebec and Alberta provinces had a big decline in unemployment rate. We bring the latest information and reports and you can contact us for details in this matter.

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