Growth in services sectors signals shifting employment trend
NEWMARKET - The Regional Municipality of York has released new employment data that point to an increase in employment plus a change in the Region’s leading employment sector.
The Employment and Industry Report 2011 reveals 14,800 more people are working in York Region in 2011, bringing total employment to 515,800 people in 28,000 businesses across the Region. During the past 10 years, employment growth in York Region has consistently exceeded both national and provincial averages.
“We are working with local manufacturers to encourage innovation and collaboration and we are taking a proactive approach to attract new companies to York Region,” said York Region Chairman and CEO Bill Fisch. “York Region offers a diverse and competitive economy where companies prosper.”
The business services sector posted the largest share of employment in the Region at 73,117 jobs or 15.9 per cent of the total, representing a gain of 3,000 jobs.
Meanwhile, the manufacturing sector with 71,085 jobs is tied with the personal services sector at 15.5 per cent for the second highest share of employment in the Region.
“While our manufacturing sector remains strong, York Region’s business services sector shows a new kind of growth that shows much promise for the future,” said Town of Newmarket Regional Councillor John Taylor, Chair of the Region’s Planning and Economic Development Committee. “There is potential for significant growth in knowledge-based sectors.”
The business services sector includes areas such as information and communications technology services, corporate headquarters, professional, scientific and technical services and environmental services. The jobs in these areas are considered high value, knowledge-based jobs. In 2011, York Region’s Investment Attraction Program focused on these areas and succeeded in attracting five new investments, resulting in 470 new jobs since 2010. The program has generated hundreds of other leads that staff continues to pursue with potential employers.
In addition, York Region is working with the manufacturing industry, surveying manufacturers to obtain their input and hosting a conference and seminars. This month, Regional Council also released Innovate York: Guide for York Region Manufacturers, which presents a range of resources for local manufacturers which
are looking to innovate and raise their competitiveness.
With a gross domestic product of $43 billion, which is larger than the output of four Canadian provinces, the York Region economy is an attractive location for businesses to invest. York Region offers a highly dynamic and educated workforce and a significant concentration of multinational corporations.
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Media Contact: Tim Paleczny, Corporate Communications, York Region
905-830-4444 or 1-877-464-9675, ext. 1238 • Cell: 905-251-6413 • email@example.com