Jobboom Index

The Ontario Jobboom Index, which had fallen to 0 % in March 2009, has only seen minuscule jumps since then. However, the creation of 30,300 new jobs reported in January 2010 enables the employment forecast to slightly increase to 8.4 % for February 2010. This revival is also aided by the data gathered by Statistics Canada over the past ten years, which show that employment has a tendency to increase in Ontario during February.

The Services sector reported most of the gains in January: 25,100 new jobs as opposed to 5,200 jobs in the Goods-producing sector. The Services’ sub-sector that performed the best was Business, building and other support services (+ 20,800 jobs). The Commerce (17,600 jobs) as well as the Finance, insurance, real estate and leasing (+ 10,100), Accommodation and food services (+ 3,800), Public administration (+ 3,600) and Professional, scientific and technical services (+ 2,700) sub-sectors also yielded positive balance sheets. However, five sub-sectors saw losses: Healthcare and social assistance (-9,800 jobs), Information, culture and recreation (-9,300), Educational services (-400), Transportation and warehousing (-100), and Other services (-13,300).