This is the 5th inwards a serial of posts inwards which I am presenting bear witness evaluating the Growth Plan for Northern Ontario, which was released on March 4, 2011. The 25-year conception was to demand provincial decision-making as well as investment inwards northern Ontario amongst the aim of strengthening the regional economy. The destination was strengthening the economic scheme of the North by:
- Diversifying the region's traditional resource-based industries
- Stimulating novel investment as well as entrepreneurship
- Nurturing novel as well as emerging sectors amongst high growth potential.
While the provincial authorities did commit itself to the evolution of surgical physical care for measures for ministry building specific initiatives that supported the implementation of the plan, I volition last using a broader laid of indicators of overall economical surgical physical care for that are supported past times the availability of readily accessible populace data.
My
first post was an overview piece my
second post looked at employment.
My
third post looked at novel investment spending every bit measured past times edifice permits as well as
my 4th post looked at consumer as well as trace of piece of work organization bankruptcies every bit an indicator of economical health. In this 5th post, I volition last looking at changes inwards the composition of utilization betwixt 2011 as well as 2016 every bit an indicator of diversification.
Measuring diversification tin last a complicated issue. Is a diversified economic scheme i to a greater extent than reliant on services rather than primary industries - inwards which instance nosotros are already in that place every bit the mass of utilization inwards northern Ontario is service oriented. Is a diversified economic scheme i inwards which nosotros are less reliant on resources extraction or on whatever i sector? Given the growing reliance on populace sector utilization inwards northern Ontario i mightiness fence nosotros convey popular off less diversified inwards recent years. In short, whatever mensurate of economical multifariousness is jump to last imperfect.
The information for this ship service are from Statistics Canada Table 282-0124 - Labour strength survey estimates (LFS), utilization past times economical part based on 2011 census boundaries as well as North American Industry Classification System (NAICS), 3-month moving average, unadjusted for seasonality.
Based on monthly averages, inwards 2011, full utilization inwards northern Ontario was 359,169 of which 86,746 were inwards goods production as well as 272,431 were inwards services. By 2016, average monthly utilization had declined past times 3.4 percent to make 346,985. Good utilization had declined past times 11.2 percent to make 77,062 piece services utilization fared meliorate declining past times exclusively 0.9 percent to make 269,923.
Figure 1 shows the percent alter inwards utilization past times specific utilization sectors.
Of these xvi sectors, v registered an increment betwixt 2011 as well as 2016 piece the remaining eleven saw a decrease. The increases ranged from a high of 11.9 percent for Accommodation as well as Food Services to 0.6 percent for Transportation as well as Warehousing.
As for the declines, they ranged from -14.1 percent for Finance, Insurance as well as Real Estate Services (FIRE) as well as -13 percent for Manufacturing to -0.3 percent for Wholesale as well as Retail Trade.
Figures two as well as iii demonstrate that when pie charts showing utilization distribution are plotted in that place does non to last rattling much alter inwards utilization shares betwixt 2011 as well as 2016.
Some sectors increment a percent indicate such every bit Wholesale as well as Retail Trade (15 to xvi percent), Health as well as Social Assistance (16 to 17 percent) as well as Accommodation as well as Food Services (6 to vii percent). Meanwhile, around decrease a per centum indicate such every bit Forestry Fishing as well as Mining (7 to half-dozen percent) as well as Manufacturing (7 to half-dozen percent).
The menses from 2011 to 2016 appears to last characterized past times shrinking full utilization numbers as well as is accompanied amongst full general stability inwards the utilization shares across assorted sub-sectors.
In this sense, in that place has been no major alter inwards the northern Ontario economy's diversity. We produce seem to last reliant on the broader populace sector as well as authorities for much of the utilization - wellness as well as social assistance, educational activity as well as populace direction trace of piece of work organization human relationship for over thirty percent of utilization but this portion has too remained stable since 2011. In short, in that place seems to last lilliputian change. Stay tuned for around other ship service on this theme pulling it all together.
