tailieunhanh - Manitoba Economic Highlights

These anticipated reactions are not nearly as dramatic as those predicted by some parties in the debate over tax increases. Tax avoidance strategies would have only a small impact on tax revenues generated, and reductions in work hours, entrepreneurial efforts, or migration out of a state are unlikely to occur at all. The benefits of sustaining appropriate levels of funding on K-12 and public higher education, public safety, and transportation, should be weighed against the reality of these consequences, rather than unsubstantiated fears | Manitoba Economic Highlights Economic Overview Real Gross Domestic Product Manitoba s real GDP growth rate is estimated at in 2012 based on Manitoba Finance s survey of economic forecasts. The survey forecasts that the Manitoba GDP will grow in 2013 and in 2014. Manitoba s real GDP increased by in 2011 following a increase in 2010 according to the Manitoba Bureau of Statistics Manitoba has the second best average annual GDP growth over the last five years 2007-2012Í at and ahead of Canada . Real GDP Change Source Manitoba Bureau of Statistics and Manitoba Finance survey of economic forecasters. Consumer Price Index In 2013 year-to-date y-t-d the Manitoba CPI increased tenth among provinces and above Canada at . Tobacco alcohol shelter and household operations boosted overall consumer prices while health personal care costs clothing and recreation education and reading costs eased pressure on prices. Manitoba CPI increased in 2012 the fifth lowest among provinces and similar to the increase for Canada. In the first three months of 2013 employment was up 11 200 jobs with 8 000 full-time and 3 200 part-time jobs generated. In 2012 all area housing starts increased almost twice Canada s increase and third best nationally. Starts reached 7 242 units the highest since 1987. The value of Manitoba building permits increased in 2012 three times Canada s increase and the best nationally reaching billion. Annual sales in Manitoba aerospace parts now exceed 1 billion and the aerospace parts industry accounts for 8 of total manufacturing sales in the province. As of July 1 2012 Manitoba s median age was years the third lowest among provinces and below the national level of years. Labour Market Employment In the first three months of 2013 employment increased or 11 200 jobs while the labour force expanded or 8 500 new entrants. In the first three months of 2013 full-time employment increased by