Quote:
Originally Posted by Zmonkey
1000 new jobs downtown Hamilton over past year,mist an improvement but still 1000 to me just doesn't seem like that big of a growth rate. With all condos/lofts happening around downtown you will need some quality job growth for young professionals. Hope we get more of that, even me after a few years here may be headed back to Toronto. Just hard to take next step here.
http://www.thespec.com/news-story/70...milton-survey/ |
In the grand scheme of things, it doesn't seem like a lot. But it's quite a big jump compared to previous years. Growth has been erratic.
From
Jason Thorne's Twitter account:
Source Tweet
The mix of job types is important too though, so it's great to see 950 more people employed in the "Professional/Scientific" sector, and 439 in FIRE. These sectors especially depend on other business services, so they can lead to "spin off" employment.
To jump from a current 189 jobs/ha to the target of 250 will take quite a lot of growth and new business development -- the downtown would need to support more than 34,000 jobs to reach that density. But if the city can turn this kind of one-year gain into a sustained trend, 8+ years of growth would do it.
The planned transportation service improvements (local and regional) should help with employment growth over the longer term.