Ontario’s economy continues its strong performance, adding 19,900 jobs in May.Employment in Ontario is up 86,000 year-over-year, and jobs growth has been positive in 8 of the last 10 months. The labour force significantly increased in size in May, and the unemployment rate was 6.5 per cent.
The employment increase was led by gains in wholesale and retail trade, professional, scientific, and technical services, and manufacturing.
Over the past three years, Ontario’s economy has outperformed all G7 countries in terms of real GDP growth, supported by the government’s strategic investments.
As a leader in economic growth, the province is balancing the budget this year and maintaining a balanced budget for the next two years. A balanced budget means more funding for the programs and services people rely on most.