January sees an increase of nearly 16,000 employed Ontarians
Ontario has started 2020 where it left off in 2019—with more people finding work.
The number of people working in Ontario rose by 15,900 this past month, and the number of employed Ontarians has increased by 307,800 over the last 12 months.
Statistics Canada reports that the Canadian economy added 34,500 jobs in January, fuelled by gains in the manufacturing, construction and agriculture industries, Statistics Canada.
The increase in jobs came as the unemployment rate fell to 5.5 per cent compared with 5.6 per cent in December, according to the monthly labour force survey.
In Hamilton, the unemployment rate in January, at 4.8 per cent, is slightly up from December’s 4.5 per cent.
“We’ve been working hard to create the best conditions for our job creators,” Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, said in a news release.
“It’s imperative that we create the conditions to make it faster, easier and more cost-effective to do business in Ontario and we are seeing the positive results,” he continued.
Some of the improvements the Province has made include making it easier for community programs to provide food to those in need; conducting multiple inspections at once, eliminating time wasted spent waiting; preventing drug shortages by easing burdens on the producers.
Additionally, in an effort to create jobs, and support small businesses, the Province has reduced the small business Corporate Income Tax rate by 8.7 per cent.
“We are sending a message to Canada, and the world, that Ontario is committed to being open for business and open for jobs,” Fedeli said.
“By reducing red tape and cutting small business taxes, we are giving job creators the tools they need to build a more prosperous Ontario,” he added.
— With a file from the Canadian Press
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