(Queen’s Park, ON) – Today, the Financial Accountability Officer (FAO) released an evaluation of Ontario’s labour market in 2016, showing slow and imbalanced employment growth in the province.
“This report reflects the sad reality that we are worse off today than we were a decade ago” said MPP Monte McNaughton. “Not only is a smaller portion of our population employed now, but sharp disparities have emerged. Economic recovery since the recession has been slow, and it has left many people behind.”
The report emphasized that Ontario’s regional and demographic disparities are dramatic. The northern, central, and southwestern regions of the province have not experienced the recovery that other regions have. It also indicated that young people have struggled to find opportunity, while older workers are compelled to remain in the workforce longer.
“Job growth has been disproportionately made up of part time and public sector positions,” McNaughton noted. “It’s clear that families and job creators are struggling in our current economic climate, especially with high energy prices and now Kathleen Wynne’s cap-and-trade scheme.”
Depressed private sector employment growth is demonstrative of the ongoing struggle businesses and job creators have had in Ontario. The FAO’s November report confirmed the province has experienced a decline in exports and sluggish growth in household spending; today’s report offers additional insight into the slow rate of recovery we are experiencing.
“The economic indicators in this report confirm what everyone outside the Liberal government already knows,” McNaughton summarized: “We’re on the wrong track; life is harder under the Liberals.”