Employment growth - Greater Montréal ranks first among the top performing Northeastern metropolitan areas

MONTREAL, March 19 /CNW Telbec/ - With a 2.5% employment growth in 2007,
Greater Montréal ranks first among the top five Northeastern metropolitan
areas, ahead of Boston, Washington, Philadelphia and New York. For North
America as a whole, Greater Montréal is in fourth place among the twenty most
populous metropolitan areas of Canada and the United States. This is what
emerges from the analysis of 2007 employment data on American metropolitan
areas, recently released by the Bureau of Labor Statistics (BLS) of the U.S.
Department of Labor, when compared with the Statistics Canada employment data
on Canada's metropolitan areas.
Over the past ten years, the Montréal metropolitan area has soared to the
top position in the continental Northeast and to fourth place among the twenty
biggest North American areas in term of job creation.
"These data once again confirm the vitality and dynamism of the Greater
Montréal economy. Since 1997, the region has grown very strongly. Greater
Montréal's good performance in employment is especially worthy of mention,
given that its population growth ranks it in the middle of the twenty biggest
agglomerations on the continent. This affects both employment growth and GDP
growth," notes André Gamache, President and Chief Executive Officer of
Montréal International.
About Montréal International (www.montrealinternational.com)
Montréal International was created in 1996 as a result of a
private/public partnership. Its mission is to contribute to the economic
development of Greater Montréal and to enhance its international status. Its
mandates include attracting foreign investment, international organizations
and strategic workers, and supporting the development of innovation and
high-technology clusters in the metropolitan region. Montréal International is
financed by the private sector, the Montréal Metropolitan Community, the City
of Montréal and the governments of Canada and Québec.
Since 2000, Montréal International has been involved in 379 direct
foreign investment projects totalling $5.6 billion. From these investments,
28,186 jobs have been created and 5,459 jobs have been maintained.
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Employment growth in 2007
Rank 1 Atlanta 2.86% Rank 11 Los Angeles 1.38%
Rank 2 Phoenix 2.61% Rank 12 Chicago 1.04%
Rank 3 Seattle 2.53% Rank 13 Boston 0.78%
Rank 4 Montréal 2.47% Rank 14 Washington 0.69%
Rank 5 Toronto 2.26% Rank 15 Philadelphia 0.61%
Rank 6 Miami 2.21% Rank 16 San Diego 0.43%
Rank 7 Denver 1.96% Rank 17 Cleveland 0.25%
Rank 8 Houston 1.82% Rank 18 New York 0.09%
Rank 9 Dallas 1.57% Rank 19 Minneapolis -0.08%
Rank 10 San Francisco 1.42% Rank 20 Detroit -0.99%
Sources: Bureau of Labor Statistics and Statistics Canada
Compilation: Montréal International
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For further information: Céline Clément, Montréal International, (514)
987-9390, celine.clement@montrealinternational.com