• GNCC & Credit Unions of Ontario 2013 Forecast

    According to a recent GNCC Press Release, the Hamilton-Niagara Peninsula (HNP) economy may experience growth in 2014. Following a downward swing in employment, this year seems more hopeful for job-seekers with the promise of 15,000 new jobs over the next two years. With recent expansions and developments in the agriculture and construction sectors, the Niagara economy may soon rival Hamilton, a region that has outperformed Niagara in the past. From 2013, agri-manufacture sales shot up nearly 10% and may continue to rise.

    For more information, review the Ontario’s full report here, or view the tables below specific to the HNP region. Table 1 represents each annual value as a percentile, whereas Table 2 reflects a numeric value in the thousands.

    Table 1: Regional Totals (%):

    2011

    2012

    2013

    2014

    2015

    Employment

    2.3

    0.8

    -1.4

    0.9

    1.3

    Unemployment

    7.1

    7.2

    7.1

    7.1

    6.6

    Population Growth

    0.7

    0.7

    0.7

    0.7

    0.7

    Table 2: Regional Totals (000s):

    2011

    2012

    2013

    2014

    2015

    Employment

    709.2

    715

    705

    711

    720

    Labour Force

    763.8

    770.2

    759.0

    765

    771

    Population

    1,430.4

    1,439.8

    1,449.9

    1,460.1

    1,470.3

     

    Categories: Niagara Development, Uncategorized

    Tags: , , , ,

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