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What is the Jobboom Index?

April 26, 2017index jobboom

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What is the Jobboom Index?

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The Jobboom Index is a monthly forecast of Ontario’s job-market strength based on calculations for the past ten years. Derived from Statistics Canada’s Labour Force Survey (LFS) figures, the Jobboom Index is obtained using a statistical method known as auto-regression. It comprises a two-percent normal margin of error. The job market is considered strong when it is favourable to workers i.e. when the employment level is high.