Ottawa’s hot economy continues to add jobs month after month, leading to the region’s tightest labour market in a generation.
Since the start of this year alone, local employers have collectively hired 21,300 net new staff.
Businesses and organizations in the National Capital Region have added 12,100 new positions during the first quarter, raising the number of employed residents to an all-time high of 736,900.
The National Capital Region continued to lower its unemployment rate in January, adding 4,600 jobs in the first month of the year according to data released Friday by Statistics Canada.
A Bank of Canada speech, Statistics Canada job figures and WestJet earnings are among the stories to watch this coming week in Canadian business.
Statistics Canada says the economy grew 0.4 per cent in November, helped by strength in the manufacturing sector.
Grocery chain Metro Inc. will report its first-quarter results and NAFTA talks wrap up round six this week.
The good jobs news came despite the region’s largest employer, the federal government, shedding 5,600 positions.
Non-residents own 0.7% of Ottawa’s condos, according to data released by the Canadian Mortgage and Housing Corp.
Despite last month’s gains, there were still some 7,800 fewer local residents working in November than at the labour market’s high-water mark in February.