Unemployment rate doesn’t tell full story of Ontario’s economy

According to Statistics Canada, Ontario’s unemployment rate dropped to 5.8 per cent in April, its lowest level since January 2001. The drop puts Ontario well below the national average, which shrank by 0.2 percentage points to 6.5 per cent last month—its lowest point since the recession of 2008.This is positive news for the Ontario economy, which is currently expecting relatively strong economic growth for 2017.While it’s encouraging to see that there are some green shoots, it’s important to keep these recent positive developments in perspective and to recognize the depth of economic pain across Ontario in recent years.Ontario is hopefully

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