Ontario's economy continues to grow, gaining 37,000 net new jobs in October, including an increase of 33,700 full-time jobs. The province's youth (ages 15-24) employment increased by 6,300.
With October's gains, employment in Ontario has increased by 551,300 since June 2009 -- 93.1 per cent of which are full-time and 71.3 per cent in the private sector. Ontario's unemployment rate has declined from a recessionary high of 9.4 per cent in June 2009 to 6.5 per cent in October.
Ontario's recent actions to foster opportunities and create jobs include Premier Wynne's trade mission to China, which attracted $966 million in new investment and will create 1,800 jobs in communities across the province, and the government's recently announced partnership with Honda Canada, which will make Alliston one of the most innovative plants in North America and protect 4,000 jobs.
Fostering opportunities and creating jobs are part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
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