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Ontario's unemployment rate lowest in 16 years

Staff Writer |
Ontario's unemployment rate was 5.8 percent in April - the lowest it has been since 2001.

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The unemployment rate fell by 0.6 percent, from 6.4 percent in March. Compared with a year ago, employment in Ontario is up by 87,000 jobs, or 1.2 percent.

Over the last three years, Ontario's real GDP growth has outpaced all G7 countries, supported by the government's strategic investments.

Exports and business investments are increasing and the unemployment rate continues to decline.

Employment in 2017 is forecast to increase by 1.3 percent or 94,000 net new jobs.

In 2016, Ontario employment increased by 76,400 jobs, representing a 1.1 percent growth in the year.

Ontario new motor vehicle sales increased 2.8 percent in February, the sixth increase in seven months.

Ontario new motor vehicle sales rose 5.6 percent over the first two months of 2017, compared to the same period in 2016.


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