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

An overview of the Timmins, Kapuskasing, Hearst, Kirkland Lake, Cochrane, Chapleau, Moosonee and surrounding areas.

Labour market conditions continued to improve in Northeastern Ontario and in Timmins and Area in the third quarter of 2004. In Northeastern Ontario, the labour force expanded for the third consecutive quarter, causing the participation rate to reach a two-year high of 62.5%. Job growth was slight, and while part-time jobs declined (-8%), there was some growth in full-time employment (+ 4%). Northeastern Ontario’s unemployment rate decreased from 8.6% to 8.2%, compared to 8.7% in the third quarter of 2003.

In Timmins and Area, the Construction and Mining sectors continued to fuel an active job market. Job postings were up slightly over the previous quarter (2%), and were 8% higher year-over-year. Mining development projects such as Apollo Gold’s Black Fox project, Falconbridge’s Montcalm nickel project, and St. Andrew Goldfields progressed well, with a few reaching production phase. Construction activity was up in Timmins. At June month-end, year-to-date building permit values were double the value as compared to the same time last year. With this heightened level of activity, the Employment Insurance claimload dropped significantly this quarter, and recorded a 12% decrease over the claim levels in the third quarter of 2003.

Highlights:

Value of building permits doubles in City of Timmins .
Construction of new $15 million Wal-Mart store begins with site preparation.
Tembec in Cochrane to recall 30 workers to mill in November.
Tembec in Smooth Rock Falls announces permanent lay-off of 57 workers.
Strike at Caisse Populaire branches in Kapuskasing area in its tenth week in September.
New LOEB store opens in Kapuskasing.
Employment Insurance claimload drops 7%, reaching new low at the end of the quarter.
Heightened job vacancy activity continues in third quarter. .

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