In recent months Ontario's unemployment rate had decreased. In the past five months the province of Ontario has added many jobs including over 25000 in the month of May alone. This is a great sign as it shows the recovery of the economy is finally starting to happen. New jobs are being created and things are starting to back to the way they were before the economic recession.
The majority of the jobs created were in the labour sector. Economic analysts have said that the growth in labour sector has exceeded everyone's expectations. Other areas showing increase in employment are: warehousing, health care and social assistance, public administration and agriculture.
Demographically, the increase in employment is largely in part of people over the age of 55 getting back into work. Many men and women over the age of 55 are now showing a large increase in employment with men over 55 with a 5% increase and women over 55 with a 3.1% increase.
Unfortunately many areas are still suffering from unemployment. The sectors showing losses in employment are: information, culture and recreation, accommodation, food services, and natural resources. Economists are saying that unemployment will continue to fall but will probably not fall beyond pre-recession levels.
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