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Ottawa : Industrial Snapshot - Q4 2013

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Ottawa : Industrial Snapshot - Q4 2013

Despite another year-over-year decrease in employment in the public administration sector, the unemployment rate in the National Capital Region decreased in November, reaching 5.9%.

The public administration sector, which includes federal government employees, saw its employment numbers drop to 143,600. That is a decrease from 164,400 in November 2012. However, the sector that includes high-tech workers has added numbers to its ranks with 55,200 people now working in information and communication technology in November, which is up from 41,500 a year ago. Gains were also reported in several other sectors in November. Despite these positives, the Conference Board of Canada is still forecasting GDP growth for the region at just 0.8% this year, ranking Ottawa-Gatineau 12th out of 13 census metropolitan areas. This will largely be the result of the shrinking public administration sector which accounts for approximately 30% of overall economic activity.

Source : Cushman & Wakefield

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