Current Month | What is the Jobboom Index? | Press release | Past Months
   
Jobboom Index for June

Ontario achieves “excellent” status with a significant 5.2 percent increase

Ontario’s Jobboom Index climbs once again: a 5.2 percent increase from May to June. The creation of 30,800 jobs in May, in addition to the 14,800 new positions created in April, has also allowed the province to return to an employment status of “excellent”. Over the past year, since May 2003, employment in Ontario grew by 1.9 percent. Compared to the past 120 months, this month’s Index ranks in 3rd place, which leaves 117 months with weaker Indices over the past 10 years. The total number of jobs in Ontario now stands at 6,328,900. Over the past 120 months, from May 1994 to May 2004, employment grew by 27 percent.

   JUNE 2004
   FORECAST
90.2%

EXCELLENT

Toronto’s Regional Index: 84.3 percent
This second consecutive increase (3.7 points) for Toronto follows the creation of 12,700 jobs in May, adding to 14,500 new positions gained over the previous month. Compared to the past 120 months, June’s Index is ranked 36th ahead of 89 months with weaker Indices over the same period. From May 1994 to May 2004, the number of jobs rose from 1,999,700 to 2,739,000—an increase of 37 percent.

Ottawa-Gatineau’s Regional Index: 70 percent
Ottawa-Gatineau’s Jobboom Index is up a slight 0.7 points following the creation of 1,300 jobs reported by Statistics Canada, partially offsetting 1,600 jobs lost over the previous period. The Index, however, continues to reflect the region’s poor job creation record since the fall of 2003. This month’s Index ranks 33rd out of 120, ahead of 87 months with weaker Indices over the past 10 years. From May 1994 to May 2004, the number of jobs rose from 504,900 to 607,400—an increase of 20 percent.

  INDEX
(percent)		 EMPLOYMENT SITUATION COMPARED TO MAY
ONTARIO 90.2 EXCELLENT +5.2
Toronto Region 84.3 Favourable +3.7
Ottawa-Gatineau Region 70.0 Fair +0.7