Employment market looks good for Region of Waterloo and Guelph
Two cities are doing pretty well says conference board economist
The job markets in the Region of Waterloo and Guelph are doing well, according to the Conference Board of Canada.
The board released its insight on labour in Canada's metropolitan areas, following Statistics Canada's June employment numbers.
Robin Wiebe, senior economist with the Conference Board of Canada, told CBC statistics up to June 2019 show employment in the Region is up almost 7 percent year-over-year.
"Some of those sectors seeing the largest gains are construction, transportation and warehousing," said Weibe.
Other growth areas include: "Wholesale and retail, information and culture, personal services and public administration," he said.
Weibe says housing starts triggered the increase in construction work.
As for Guelph, he said employment is up 8.3 per cent on average since June and that city saw job growth of ten percent.
Wiebe notes both locations did see jobs in the public administration sector fall flat.
"The one thing that kind of surprises me just a little bit in looking at this data is how the finance insurance and real estate employment...it's kind of falling," said Weibe.
"And that kind of surprises me because the housing markets in Kitchener and Guelph are really quite strong.
So I might have thought that finance insurance and real estate would be doing a little better. That is a little bit surprising. It's more or less flat in those communities."
The Conference Board said that across Canada, the number of people employed grew in 28 of 33 Canadian census metropolitan areas. The job gains ranged from 0.4 per cent in Montreal to 17 per cent in Brantford.