Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued the following statement on Friday, August 4, following the monthly employment release by Statistics Canada that showed that while jobs in Ontario slightly decreased in July 2023 for a third consecutive month, the manufacturing sector saw an increase of 7,800 jobs.
According to highlights from the Stats Can report: Employment was little changed in July (-6,000; -0.0%). The unemployment rate increased 0.1 percentage points to 5.5%, marking the third consecutive monthly increase.”
The report also notes that there were fewer people employed in construction, public administration, information, culture, and recreation as well as in transportation and warehousing, while employment rose in health care and social assistance, educational services, finance, insurance, real estate, rental and leasing and in the agriculture sector. You can find that Stats Can report, HERE.
“At a time of global uncertainty, our government is working hard to build our manufacturing sectors and create more good-paying jobs for people across the province.
Last month, we added more than 7,800 manufacturing jobs to our economy — more than all 50 U.S. states combined. Manufacturing employment in Ontario is now over 820,000, the highest it has been since December 2008,” said Fedeli Friday. “We’re training a world-class workforce to attract new investments and jobs, cutting red tape and working with our partners around the world to build a resilient economy.”
The province is pointing at Ontario’s new Memorandum of Understanding with Michigan, as an example, and noting that it will help increase trade, attract investments and encourage job creation in both jurisdictions, especially in priority areas, such as electric vehicles (EV) and related supply chains.
“Over the last three years, Ontario has secured over $25 billion in automotive and EV battery-related investments that will create thousands of good-paying jobs. Just this week, NextStar Energy began recruiting for the first 130 workers for their new EV battery manufacturing plant in Windsor,” adds the release from the provincial government.
“Through our $140 million Regional Development Program (RDP), we’re also helping local manufacturers invest in the talent and equipment needed to expand and increase their competitiveness. Last month alone, we welcomed over $118 million in investments by Siltech Corporation and Breadsource Corporation to expand and create 64 new jobs.”
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