The Ottawa-Gatineau unemployment rate took a sharp jump recently and currently sits at 5.2%.
Under the surface, the situation for tech jobs is increasingly serious.
In Ottawa-Gatineau technology jobs have been evaporating at an alarming rate – in just the last 12 months, the region has lost 8,800 tech jobs. This represents greater then a 14% loss. Further, Ottawa-Gatineau has lost almost 30% of its regional tech jobs compared to 2000. Ottawa-Gatineau tech jobs peaked at 74,000 in 2000 and are now down to 53, 800 as of March 2009.
Stats Canada has published that during the 2002 bubble burst – 4 out of 5 laid off tech workers did not find work in high tech, and 2 of 5 left the City of Ottawa.
The tech sector is continuing to shed jobs in Ottawa-Gatineau.
Ottawa-Gatineau faces a significant loss of tech capability and associated economic impact/growth for the region.
Lead to Win is focused on launching new technology businesses in Ottawa-Gatineau to retain and create new tech jobs. If you are concerned about the state of the technology sector in Ottawa-Gatineau or are interested in launching a new tech business in the region, you are encouraged to visit http://www.leadtowin.ca.