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Ottawa, Mar 10 (ICanadian-Media): Ontario has added 113,700 jobs since this time last year which has resulted its employment gain by 15,700 jobs in February, media reports said.
The unemployment rate reportedly remained unchanged at 5.5 percent.
The steady growth of Ontario's economy, more than Canada's and all of the other G7 countries -- comprising of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States-- since 2014.
This reported employment increase was due mainly to monthly gains in the transportation and warehousing and educational services sectors.
The regions in Ontario which witnessed employment growth year-over-year reportedly include Stratford-Bruce Peninsula (4.3 percent), Toronto (4.0 percent) and Hamilton-Niagara Peninsula (3.0 percent).
A private-sector revealed Ontario's increase in real Gross Domestic Product (GDP) on average by 2.8 percent in 2017.
A commitment of more than $650 million has been made by Ontario’s Business Growth Initiative to foster the growth of economy and create jobs for five years by helping growth of small companies, by promoting an innovation-based economy and making up-to-date and modern regulations for businesses.
But more must be done by government, said the official reports, to ensure sharing benefits of growing economy fairly across the province.
“Our government is working hard to build upon the strong employment growth we’ve seen, and we know we can do more. We will continue to work hard to capitalize on the positive momentum by creating an economic environment that allows the private sector to create the good jobs that are the backbone of future economic growth,” Steven Del Duca, Ontario Minister of Economic Development and Growth was reported to state.
Steven Del Duca/Facebook
The facets included in Ontario's proposed plan for creation of fair opportunity during this economic change are higher minimum wage, better working conditions, free tuition for reportedly hundreds of thousands of students, affordable and easily accessible child care, and free prescription drugs for everyone under 25.
(Reporting by Asha Bajaj)