Job Market Trends and News

Unemployment rate continues to drop in Bruce-Grey-Huron-Perth

There's good news as far as employment in our area—the region has the second-lowest Unemployment Rate in Canada.

Only Manitoba's Interlake Region has a lower Unemployment Rate than our area, coast-to-coast (its figure is 3.1 per cent).

The Unemployment Rate for the Stratford-Bruce Peninsula Region stood at 3.5 per cent for the month of June 2017. That's well below the Provincial average of 6.2 per cent for the same timeframe, and a full three percentage points below the Canada-average unemployment rate of 6.5 per cent.

The month-to-month figure saw unemployment in the region decline a full percentage point from the rate for May 2017, while a year ago the Stratford-Bruce Peninsula Region reported the Unemployment Rate as standing at 4.8 per cent.

The decrease was mostly the result of fewer people searching for work.

Employment in the region’s service-producing sector fell, with declines primarily in wholesale and retail trade and accommodation and food service. Employment gains were in business, building and other support services, finance, insurance, real estate, rental and leasing and professional, scientific and technical services.

In contrast, employment in the region’s goods-producing sector increased, with the bulk of the increases in manufacturing and construction (+700). Employment losses were seen in utilities.

Favourable employment news includes the creation of between 50 to 60 jobs at a new Samsonite headquarters and warehouse facility behind the Festival City Marketplace Mall in Stratford. The anticipated opening date is in spring 2018.

Kincardine’s seven-acre medical cannabis greenhouse facility is expecting to hire up to 300 people by 2019. With an investment of over $70 million, the company will continue hiring a full range of positions in almost every department in the next six to eight months. RCM, a technology company in Kincardine, is expanding and is expected to hire 80 office staff and senior management personnel to support Bruce Power.

Rolls Royce Nuclear Division signed a multi-year agreement with Bruce Power. Its office in Port Elgin is still under construction and will generate between 10 to 15 new positions.

On another positive note for the area, members of Huron County’s Economic Development team recently attended a job fair in Mississauga, hosted by the Peel Newcomers Centre.

The job fair was specifically for immigrants now living in the Greater Toronto Area, but with an interest in moving to a rural community.

An estimated 500 people attended, and the Huron County team returned home with about 100 resumes from people who were interested in learning more about Huron County.

Published by clinton newsrecord