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Jobboom Index for December

Increase reported for Ontario’s Jobboom Index


Ontario gained 19,100 new jobs in November, ending a four-month string of consecutive job losses totalling 36,700 positions. This month’s Index climbs 4.2 percent to 81.8 percent with an employment status of “favourable”.

This remedial performance is largely due to the strong employment gains in the services sector (+ 25,100), particularly in transportation and warehousing (+ 10,900), trade (+ 9,600) and in professional, scientific and technical services (+ 8,100). Job creation, however, was held back by losses in the goods-producing sector (-6,000), particularly in manufacturing (-4,400).

   DECEMBER 2006
   FORECAST
81.8%



FAVOURABLE



Over the past 12 months, employment in Ontario grew by 0.9 percent. This month’s Index ranks 52nd out of 120, meaning there were 68 months with lesser Indices over the past 10 years. During this same 10-year period, employment in Ontario grew by 25 percent.

Ottawa-Gatineau region: 69.1 percent — Fair
After having held on to an “excellent” employment status for much of the year, the Ottawa-Gatineau Census Metropolitan Area (CMA) reports a second consecutive drop in its employment forecast (-9.8) to 69.1 percent — an employment level considered “fair”. In November, this CMA lost 7,700 jobs, for a total of 21,100 lost positions over the past three months. Over the past 12 months, employment grew by 0.9 percent. This month’s Index ranks 27th out of 120, meaning there were 93 months with lesser Indices over the past ten years. Over this same period, employment for this CMA increased by 24 percent.

Toronto region: 49.3 percent — Unfavourable
The Toronto Census Metropolitan Area (CMA) recovered 2,400 jobs over the past month, putting a halt to the loss of 14,300 positions over the three preceding periods. Despite these gains, this CMA’s Index drops 6.3 points to 49.3 percent. This month’s Index also represents a drop to an employment level of “unfavourable,” influenced by historically weak job creation figures for this time of the year, over the past 10 years. Over the past 12 months, employment for this CMA fell by 0.4 percent. This month’s Index ranks 89th out of 120, meaning there were 31 months with lesser Indices over the past 10 years. From 1996 to 2006, employment in the Toronto region grew by 30 percent.


  INDEX
(percent)
EMPLOYMENT SITUATION COMPARED TO NOVEMBER
ONTARIO 81.8 FAVOURABLE +4.2
Ottawa-Gatineau Region 69.1 Fair -9.8
Toronto Region 49.3 Unfavourable -6.3