Study shows healthy bounce in Hamilton’s economy

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By Steve Arnold

Hamilton’s economy bounced back from the last recession faster than those of its neighbours and is poised for even more growth.

A new study by the Social Planning Council to be released Wednesday concludes key pieces of the city’s economic development strategy helped draw enough new jobs and investment here that Hamilton’s unemployment rate, at 6.7 per cent, was a full percentage point below the provincial average during 2011 and the situation got even better through last year.

“The key message here is that Hamilton bounced back much faster than many other areas,” said social planner Sara Mayo. “This is just a small picture of Hamilton’s economy and we hope it will spark a discussion about how to improve the economy.”

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Article and Image Source:  The Hamilton Spectator

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