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Ontario unemployment Rate Lowest in 16 Years

Web posted on May 06, 2017

Ontario's unemployment rate was 5.8 per cent in April - the lowest it has been since 2001.

The unemployment rate fell by 0.6 per cent, from 6.4 per cent in March. Compared with a year ago, employment in Ontario is up by 87,000 jobs, or 1.2 per cent.

Over the last three years, Ontario's real GDP growth has outpaced all G7 countries, supported by the government's strategic investments. Exports and business investments are increasing and the unemployment rate continues to decline.

Employment in 2017 is forecast to increase by 1.3 per cent or 94,000 net new jobs. In 2016, Ontario employment increased by 76,400 jobs, representing a 1.1 per cent growth in the year.

"Ontario has all the elements to thrive in today's economy - a balanced budget, a highly skilled workforce, a vibrant innovation ecosystem and a streamlined business climate. Our economy continues to perform extremely well, but we know there is more work to do. We will continue our efforts to make Ontario's economy more globally competitive and create good jobs." Brad Duguid, Minister of Economic Development and Growth.

As a leader in economic growth, the Province is balancing the budget this year and maintaining a balanced budget for the next two years. A balanced budget means more funding for the programs and services people rely on most.

Growing Ontario's workforce is part of our plan to create jobs, grow our economy and help people in their everyday lives.


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