TORONTO, Aug. 30, 2018 (GLOBE NEWSWIRE) -- Ontario’s labour market performance—which includes the province’s job-creation record and unemployment rate—ranks among the worst in North America when compared to other Canadian provinces and U.S. states, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“With Labour Day around the corner, now is an opportune time to assess how well Ontario’s labour market stacks up against other Canadian and American jurisdictions,” said Ben Eisen, Fraser Institute senior fellow.
“Unfortunately for Ontario workers, it ranks near the back of the pack.”
The study, Measuring Labour Markets in Canada and the United States, 2018, measures the labour market performance for all 10 Canadian provinces and 50 U.S. states from 2015 to 2017 using eight indicators including job-creation, unemployment and worker productivity (the average value of goods and services each worker produced with his or her labour).
Overall, Ontario ranks 52nd out of 60 jurisdictions with a score of 44.5 out of 100.
A particularly poor measure for Ontario is its relatively low private-sector employment rate, ranking 52nd.
Ontario also underperformed on the average unemployment rate of 5.5 per cent (ranking 45th). By comparison, North Dakota, which ranked 1st on the overall ranking among all 60 jurisdictions, had an average unemployment rate of 2.8 per cent—or about half Ontario’s rate.
Crucially, all 10 Canadian provinces ranked in the bottom half overall, with British Columbia (35th) and Saskatchewan (41st) the highest ranked provinces.
“A poorly performing labour market negatively affects job opportunities, wages and prosperity for workers,” Eisen said.
“Reviewing the policies that have led to the decline of Ontario’s labour market should be a priority for the new government at Queen’s Park.”
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Ben Eisen, Senior Fellow
Fraser Institute
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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org