Winnipeg employment numbers trending in the right direction
Although employment numbers in Winnipeg dipped in the third quarter of 2012, the broader picture shows positive gains for the city, according to a local analyst.
The labour market shrunk in the third quarter in the city, with a net loss of 4,000 jobs compared to the second quarter, but the year-to-date employment rate is up 2.3% compared to the same period last year.
Greg Dandewich, the senior vice-president for Economic Development Winnipeg, said the city is still trending in the right direction for employment, retail sales and GDP growth.
“I think what you’ll see is the fact we are continuing to see a good employment growth and obviously what that is saying is there are companies that are continuing to look for labour and therefore the opportunities for people to move into the workforce,” Dandewich said.
“I think overall Winnipeg has always been middle to upper-middle part of the pack in terms of its economy compared to other major metropolitan areas and I think, when you look at the quarterly economic highlights, those continue to pare out.”
The unemployment rate in Winnipeg sits at 5.6%, a 0.1% decline from 2011.
“People will continue to see opportunities to be employed,” Dandewich said.
“The other thing that stability provides is a level of predictability, to a certain degree, in terms of companies making investments in the marketplace to continue to grow their existing company or outside companies looking at the Winnipeg marketplace as a good place to invest.”
Sourece: The Winnipeg Sun
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