The City of Oshawa is one of the top ten places to work in Canada, according to the latest Bank of Montreal (BMO) Labour Market Report Card.
BMO’s report compares labour market trends among 33 cities using Statistics Canada labour force data. In the analysis, Oshawa ranked 9th as one of the best Canadian cities to find employment and was one of five Ontario cities to make the top 10.
Additionally, Oshawa was one of the top four cities in Canada for employment growth, posting 4.9% year-over-year job growth. Oshawa’s unemployment rate was 5.8%.
This new data recognizes the fundamental strength of Oshawa’s economic base, which in recent years has diversified with tremendous growth in the education, health care and retail sectors making Oshawa an ideal community in which to live, work and invest.
Nationally, the report showed that Canadian employment rose by a hefty 114,600 in the fourth quarter of 2018, the third consecutive quarter of firming growth. The national jobless rate continues to fall, sitting at 5.6% in December. Regionally, B.C., Ontario and Quebec led job growth in the quarter, while 8 of 10 provinces saw gains.
For more information, visit the BMO Report online at https://economics.bmocapitalmarkets.com/economics/provupdates/20190104/pu18q4.pdf
For more information on Oshawa’s economic diversification and growth, visit www.oshawa.ca/tour and www.oshawa.ca/business and follow @InvestOshawa on Twitter.