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Jobboom Index for September

The Ontario Index remains stable despite the creation of 14,000 new jobs

A total of 14,000 new jobs were created in the province of Ontario in August. Unfortunately, this performance was not strong enough to offset the 42,800 losses posted in the two previous periods, leaving the Ontario Index at the favourable mark with 78.7 % for the month of September.

The services-producing sector posted the strongest results in August with the creation of 7,100 new jobs. Most of these gains were attributable to the Educational services sub-sector, which created 25,700 new jobs. Positive results were also posted in Professional, scientific and technical services (+ 12,400), Finance, insurance, real estate and leasing (+ 9,400), Accommodation and food services (+ 6,600), and Business, building and other support services (+ 1,500). Meanwhile, Health care and social assistance (-1,600), Public administration
(-9,200), and Information, culture and recreation
(-5,800) suffered losses.

   SEPTEMBER 2008
   FORECAST
78.7%

FAVOURABLE

The goods-producing sector also posted strong results with the creation of 6,800 new jobs in August. The manufacturing sub-sector generated the most gains with the creation of 14,400 new jobs, with Construction (+ 2,500) and Utilities (+ 1,600) following in the lead. Meanwhile, losses were posted in Agriculture (-7,400), Forestry, fishing, mining, oil and gas (-4,200).

Over the past 12 months, employment has grown by 1.3 % in the province of Ontario. This month’s Index ranks 54th out of 120, meaning there were
66 months with weaker indices over the past 10 years. From September 1998 to September 2008, employment in this province has risen by 22 %.

Ottawa-Gatineau region: 97.8 % — Excellent
This region made headway in August with the creation of 2,600 new jobs, for a total of 12,000 new jobs created in the past four months. However, the Ottawa-Gatineau Index is down 0.8 points at 97.8 %, though still hovering at the excellent mark, in light of data compiled by Statistics Canada over the past 10 years, which show a downwards trend in job creation in this province during the month of September.

Over the past 12 months, employment in this Census Metropolitan Area (CMA) has grown by 3 %. This month’s Index ranks 1st out of 120, meaning there were 119 months with weaker indices over the past 10 years. From September 1998 to September 2008, employment in this region has risen by 31 %.

Toronto region: 19.8 % — Unfavourable
The Toronto CMA lost 17,800 jobs in August, for a total of 45,600 jobs lost over the past three months, cancelling out most of the 59,100 gains posted over the past four months. As such, the Toronto Index has dropped
19.9 points to 19.8 % for the month of September, sliding even further into the unfavourable mark. Over the past three months, the Toronto Index has lost a total of 55.7 points.

Over the past 12 months, employment in the Toronto region has grown by 1.5 %. This month’s Index ranks 112th out of 120, meaning there were eight months with weaker indices over the past 10 years. From September 1998 to September 2008, employment in this CMA has risen by 25 %.

  INDEX
(percent)		 EMPLOYMENT SITUATION COMPARED TO AUGUST
ONTARIO 78.7 FAVOURABLE -9.9
Ottawa-Gatineau Region 97.8 Excellent -0.8
Toronto Region 19.8 Unfavourable -19.9