The Bank of Montreal’s Labour Market Report Card for the fourth quarter of 2018 ranks Guelph as having the best labour market in Canada.
The ranking is led by Guelph’s 2.3 per cent unemployment rate.
“Guelph’s top ranking, we believe, still reflects a strong Ontario service/tech sector and spillover from the GTA labour market,” says BMO report author Robert Kavlic in the report released earlier this month.
Guelph was ranked 21st on the same report card a year ago.
The top 10 are:
The ranking is a weighted ranking based on a number of factors, including population, employment and unemployment rates.
The ranking does not take into consideration the types of jobs available.
The full BMO report can be found here.