Bianca Marijan

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Hamilton's Economy
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-Manufacturing employment in the region has fallen from almost 52,000 jobs in 2008 to 46,200 this year.

-The health-care sector, often touted as the future of Hamiltonís economy, shows the same trend: employment there fell from 48,000 to 46,500 in the same period.

-The biggest gains in the period have been in wholesale-retail trade (adding 5,300 jobs) and financial services (up 5,200 positions).

-†In fact, there are now more retail workers in Hamilton than manufacturing workers.

-Kyle Benham, executive director of the Burlington Economic Development Corporation, says total employment in his city stands at 94,400 today and has grown by an average of just over 1,000 positions a year since 2006.

-Burlington's†s labour force ó defined by StatsCan as the population between 15 and 65 ó stands at about 105,000.

-Statistics Canadaís CMA figures gives Hamilton a labour force of 298,400.

-†Some arithmetic gives Hamilton 292,368 jobs in 2008 and 284,004 in July this year.

-Thatís a net loss of 8,364 positions since 2008.

-Those estimates of employment work out to an unemployment rate in Burlington of just under 10.1 per cent.

-†while Hamiltonís rate could be as low as 4.8 per cent.

-†Across the region, the StatsCan numbers give an official unemployment rate of 7.5 per cent in July, up from 6.4 per cent in the same month last year. Those numbers donít include people who have given up looking for work

-In human terms, the CMA numbers from Statistics Canada mean as many as 30,400 people in the region are looking for work.

-†Hamilton's† industrial vacancy rate has fallen to 2.3 per cent this year compared to 4.7 per cent across the GTA,

-Hamilton's† office vacancy rate downtown is 12 per cent.

-Burlington boasts an industrial vacancy rate of 5.5 per cent compared to 12.7 per cent in 2008 and an office vacancy rate of 10.5 per cent.

-Hamilton Building permits for new industrial-commercial space are also rising sharply, hitting $536 million for Hamilton so far this year compared to $379 million for Mississauga.

-The Conference Board projects total employment in the Hamilton CMA to grow every year for the next four years, hitting 412,000 by 2016 and for the unemployment rate in the region to fall annually to 5.1 per cent

-Total employed in Burlington 94,000, growth over 1,000 per year since 2006

Source:Hamilton Spectator/Steve Arnold/Sept 1, 2012

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