Thunder Bay District LMI Blog

Mining Sector Continues to Move Forward

Posted in Uncategorized by lmi_thunderbay on January 28, 2011
According to the December 2010 Northwest Labour Market Monitor, mining is moving forward in our area:
– Stillwater Mining Company acquired property outside of Marathon to begin a new copper and paladium mine
– Manitou Gold Inc. announced favourable test results of gold in the Upper Manitou Lake area of the Kenora Mining Division
– Noront Resources Ltd. secured $10 mil in equity financing to continue development in the Ring of Fire area
And several other exciting ventures are underway for the mining sector. Check out the December issue of the Labour Market Monitor by downloading it here.
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Labour Force Trends

Posted in Labour Market Stats by lmi_thunderbay on January 7, 2011

From the latest edition of the Northwest Ontario Labour Market Monitor:

“Employment in the Northwest Ontario economic region decreased by 3,000 from November 2009 to November 2010. Job losses were in both full-time employment (-1,700) and part-time employment (-1,300). During this period, fewer people looked for work leading to a decline in the size of the labour force (-3,700). This, combined with a decrease in the number of unemployed people, caused the unemployment rate to drop by 0.4 percentage points from 6.5% in November 2009 to 6.1% in November 2010. Over the same period, the provincial unemployment rate declined from 8.4% to 7.9%.”
Check out the latest edition of Northwest Labour Market Monitor to read more about our labour market in the last few months.

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