More Local Labour Market Information

Labour Market Bulletin, Third Quarter 2004
An Analysis of the Peterborough Area Labour Market
Human Resource Centre of Canada

An overview of the Peterborough Area which includes the Peterborough/Haliburton, Cobourg and City of Kawartha Lakes HRCC areas.

The area’s labour market performance weakened for the second consecutive quarter. Declines occurred in both the labour force (-9,600) and in employment levels (-11,600). Job losses occurred in both full-time and part-time work with the majority of lossess occurring in full-time. The unemployment rate increased to 5.6% compared to 4.3% last quarter

All major indicators compared unfavourably to last year’s. Employment levels were lower by 13,700, the labour force decreased by 13,000, and the unemployment rate was lower by 0.8 %. The unemployment rate remains lower than both the provincial and national averages.

Highlights:

Devastating flood strikes Peterborough in midst of tourism season. Initial estimates of damage to homes and businesses pegged at $85 million.
Multi Channel Communication Inc. (MCCI) hired 350 employees and plans to hire 100 more.
Siemens’ Milltronics Process Instruments Inc. transferring production lines to Peterborough plant.
Leslie M. Frost Natural Resources Centre in Haliburton closed, laying off 31 workers.
More health care professionals relocated to Kawartha area.
Labour market performance slowed for second straight quarter. Employment posted largest third-quarter drop on record, mainly affecting full-time work.
Employment Insurance claims increased marginally quarter-over-quarter. Claims rose by 10% year-over-year.
Job vacancies grew by 4% from last quarter; and by nearly 60% from the same time a year ago.

The complete Labour Market Bulletin, including these Highlights, is available in Adobe Acrobat PDF format
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