FOR IMMEDIATE RELEASE: Oct. 10, 2014
SIMCOE – For 93 consecutive months Ontario’s unemployment has stood higher than the national average.
“The Liberal Government’s job creation record is their single greatest failure, going back to the 2008-09 recession,” said MPP Toby Barrett. “The latest numbers continue what has been a sad trend.”
The bright spot is Ontario’s employment increased by 25,000 in September. This pushed the unemployment rate down to 7.1 per cent, the lowest rate since October 2008. But, when compared to the national unemployment rate of 6.8 per cent, Ontario is still lagging behind.
“The fact the province’s unemployment rate has trailed the national average for 93 months is a sad statement on our economic recovery,” Barrett said.
His fear is that any growth could reverse rapidly with present government policy. The proposed Ontario Retirement Pension Plan will cost employers with every paycheque they write and costs employees with every paycheque they receive.
“Many business owners expressed to me the proposed Ontario Retirement Pension Plan will be another tax and they will be forced to cut their workforce or curtail any plans for hiring,” Barrett said.
For more information contact MPP Toby barrett at 519-428-0446 or via e-mail at [email protected]