Province Focused on Record Investments in Infrastructure to Boost Economy
Ontario’s economy continues to create jobs, with 29,200 jobs added in October in the midst of a challenging global economy. This brings the total increase in employment since the recessionary low in June 2009 to 559,600.Ontario experienced employment growth in a number of key sectors this month, including trade (+16,400), public administration (+11,500) and manufacturing (+10,800). Ontario’s unemployment rate has also dropped to 6.8%, outpacing the national average.
Ontario’s historic public infrastructure investment — more than $130 billion over 10 years — is making 110,000 jobs possible every year across Ontario, with projects such as roads, bridges, transit systems, schools and hospitals across the province. These investments in modern and integrated infrastructure are critical to creating jobs, fostering a dynamic and innovative business climate and driving growth.
Creating jobs and opportunities is part of the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.