York’s job growth rate outpaces national average

For the fifth consecutive year, York Region is outpacing provincial and national employment rates, posting a 2.4 per cent employment growth rate from 2017.

“Economic vitality is a key priority for York Regional Council,” Chairman and CEO Wayne Emmerson says in a statement following the release of the 2018 Employment and Industry Report. “By continuing to invest and encourage job growth across a wide range of sectors, we are helping attract and retain high quality and good paying jobs.”

According to the Statistics Canada Labour Force Survey, Ontario posted a two per cent labour force employment growth between mid-year 2017 and mid-year 2018, while Canada’s labour force growth rate decreased from 2.1 per cent to 1.1 per cent.

York Region added 15,120 jobs between 2017 and 2018, bringing the number of jobs to an estimated 636,630 as of mid-2018. Also, according to the report, 66 per cent of surveyed employment is full time and 78 per cent is in services-producing sectors.

The manufacturing, retail trade, and professional, scientific and technical services sectors continue to hold the largest shares of surveyed employment in 2018, while the educational services sector recorded the largest employment gain in terms of absolute growth, increasing by 6,870 jobs.

With a population of nearly 1.2 million residents, York is the third-largest municipality in Ontario and the sixth largest in Canada. With more than 49,000 businesses, it’s the second-largest business centre in Ontario, following the City of Toronto.

The Region surveyed 34,100 businesses last year through the York Region employment survey. The annual survey collects employment data and provides a snapshot of York’s economy. Data is compared over time to identify trends. The 2018 Year in Review, meanwhile, provides an update on economic activity taking place under York Region’s Economic Development Action Plan 2016 to 2019.

 

Photo courtesy of York Region.

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