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Monday, January 8, 2018

Unemployment Numbers Down Slightly

Regional | by Matt Hermiz  

Stratford-Bruce Peninsula Economic Region sees seventh straight month of net job increases

The Stratford-Bruce Peninsula economic region continues to see strong jobs numbers.

The Four County Labour Market Planning Board says unemployment fell another 0.2 percentage points in December to 4.1%, with the local labour force growing by 900 people. December was the seventh straight month the region has seen an increase in overall jobs.

According to statistics provided by the Labour Market Planning Board, net employment in the region increased by 3,500 in 2017. An Ontario government news release says the Stratford-Bruce Peninsula region led the way for year-over-year job growth in 2017 at 4.3 per cent.

In December, 2,100 new part-time jobs were added in the region and 900 full-time jobs were lost.

Over the past year, the number of people employed in goods production locally rose by 6,000. However, there was a drop off in the number of services jobs, with 2,600 less employed in the sector.

While it was down for the year, the services sector did have a net increase of 3,500 jobs in December. Health care and social assistance led the way with 1,900 new positions while wholesale and retail trade added 1,500 jobs. Business, building and other support services dropped 1,200 positions while 500 were lost in scientific and technical services.

Conversely, while the total number of jobs in the goods producing sector increased in 2017, December was a down month. Locally, there was a net loss of 2,300 jobs in goods production in December with manufacturing dropping more than 2,700 positions and 1,300 less in construction. That was partially offset by 900 new positions in agriculture and 600 in utilities.

Meantime, strong employment numbers were posted across the province in December as 1,900 jobs were added to the economy.

Year-over-year, Ontario has seen a 2.5% increase in the number of people working -- 176,300 more compared to the end of 2016.

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