Overview
The Ontario job market kicked off 2024 with a positive trend, showing continued growth compared to both the previous month and the same time last year. This report analyzes key data points from the January 2024 jobs report, providing insights for job seekers and employers alike.
Highlights
- Overall job growth remained steady.
- Several industries, particularly those in healthcare and technology, showed significant growth.
- Unemployment rates dipped slightly compared to December 2023.
What Industries and Occupations Grew
- Healthcare: The healthcare sector led job growth, with a strong demand for nurses, aides, and medical technicians.
- Technology: Tech companies continued to expand, creating opportunities in software development, cybersecurity, and data analysis.
- Construction: The construction industry saw a moderate increase in jobs, indicating ongoing development projects.
What Industries and Occupations Shrank
- Retail: The retail sector experienced a slight decline in jobs, possibly due to continued growth in e-commerce.
- Accommodation and Food Services: This industry saw minimal job growth, potentially reflecting a return to pre-pandemic staffing levels.
Compare to Same Month Last Year
Job growth in January 2024 surpassed January 2023 figures, suggesting a sustained economic recovery for Ontario.
Compare to Previous Month
Job creation in January 2024 remained consistent with December 2023, indicating stable employment conditions.
Future Outlook
The Ontario job market is expected to continue its positive trajectory in the coming months. Continued investment in healthcare and technology, along with ongoing infrastructure projects, are likely to drive job creation.
10 Growing Occupations
According to the Bureau of Labor Statistics [bls.gov], the following occupations are projected to experience the fastest growth nationally through 2032:
- Wind Turbine Service Technicians
- Solar Photovoltaic Installers
- Home Health Aides
- Personal Care Aides
- Software Developers, Applications
- Database Administrators
- Medical Assistants
- Nurse Practitioners
- Physician Assistants
- Occupational Therapists
10 Companies Hiring Now
- Amazon
- Walmart
- Costco Wholesale Corporation
- Providence Health System
- Kaiser Permanente
- St. Joseph Health
- Ontario International Airport Authority (OIAA)
- City of Ontario
- County of San Bernardino
- Loma Linda University Health