Employment in Hamilton: Information for Hamilton Employment Crawl 2013

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May 2013

EMPLOYMENT

You can use LMI in order to find out what is happening in the community that will help you make wise decisions about careers, education and employment.

Did you know? Fast Facts about Hamilton CMA (March 2013): -

Labour force: 409,900

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Unemployment rate: 6.1%

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Over 27,000 businesses operate in Hamilton (June 2012)

For more information about Hamilton’s labour market visit our website: www.workforceplanninghamilton.ca

Hamilton is an exciting place to start your career. With over half a million people, Hamilton is the 5th largest city in Ontario and the 10th largest city in the country. Employment in the Hamilton CMA (which includes Burlington and Grimsby) increased over 4% from 2006-2012. Hamilton’s economic recovery is reflected in the low unemployment rate, which, at 6.1% in March 2013, was one of the lowest of all major cities in the province. A diversified economy, affordability, skills development collaboration, and a focus on poverty reduction have all been attributed to Hamilton’s low unemployment rate. Employment and Unemployment Rates

Hamilton CMA Labour Force Survey 2006-2012

10

385 380 375 370 365 360 355

8 6 4 2 0 2006

2007

2008

2009

2010

2011

2012

Unemployment Rate (%)

The labour market is constantly evolving and adapting to economic conditions, opportunities and challenges.

HAMILTON

What’s going on in Hamilton’s economy?

Employment (in thousands)

What is Labour Market Information (LMI) and why is it important?

IN

2012: A Bright Year for Hamilton  The Conference Board of Canada ranked the Hamilton-Burlington economy as the fastest growing in 2012 among Ontario cities at 2.5%  Site Selection Magazine ranked Hamilton the #1 city in Canada for attracting industrial and commercial development  Real Estate Investment Network ranked Hamilton as the best place to invest in Ontario for the second year in a row  Conference Board of Canada’s Diversity Index gave Hamilton a 0.92 rating (where 1 is “Highly Diverse” and 0 is “Not Diverse”), which contributes to the resilience of our economy to market fluctuations and encourages a broad spectrum of employment opportunities


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