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Jobboom Index for June

The Jobboom Index Set 0 % for the Fourth Month

Ontario has been accumulating job losses since the fall of 2008. In May, this province saw 59,700 more jobs disappear. Overall, this means that there have been 235,000 jobs lost since last October. The Ontario Index, already set at 0 % since March, remains at the lowest level possible in June.

In May, the Goods-producing sector lost a total of 68,600. Among the most impacted sub-sectors, we find: Manufacturing (-47,000 jobs), Construction
(-15,000), Agriculture (-5,200), Utilities (-2,100). In contrast, Forestry, fishing, mining, oil and gas saw the creation of 800 jobs.

   JUNE 2009
   FORECAST
0%

UNFAVOURABLE

Even if the Services sector saw the creation of 8,900 new jobs, the situation differs from one sub-sector to another. There is some good news: Professional, scientific and technical services (+ 20,900 jobs), Finance, insurance, real estate and leasing (+ 3,800), Public administration (+ 3,200), Healthcare and social assistance (+ 3,200) and Corporate services, Business, building and other support services (+ 1,000). However, the good news is counterbalanced by losses elsewhere: Transportation and warehousing
(-9,900 jobs), Commerce (-6,500), Information, culture and recreation (-2,400) and Accommodation and food services (-1,900).

Toronto region: 0 % — Unfavourable
In May, this CMA lost 8,600 jobs bringing the 2009 total to 29,700 jobs lost. Therefore, the Jobboom Index remains at 0 % for the third consecutive month.

Over the past 12 months, employment has decreased by 1.4 % in the region. This month’s Index ranks 120th out of 120, meaning there were no other months with a weaker index over the past 10 years. From 1999 to 2009, employment in this region has nevertheless increased by 22 %.

  INDEX
(percent)		 EMPLOYMENT SITUATION COMPARED TO MAY
ONTARIO 0 UNFAVOURABLE 0.0
Ottawa-Gatineau Region 46.2 Unfavourable -7.9
Toronto Region 0 Unfavourable 0.0