24 6 Commentary Prospects for the Mile of Gold: An Economic Profile of Kirkland Lake | June 2024 Executive Summary The Town of Kirkland Lake is a community in the Timiskaming District with an official population of just under 8,000. [...] In Information and cultural industries, Transportation and warehousing, Administrative and support, waste management and remediation services, and Mining, quarrying, and oil and gas extraction, over 40 per cent of the people working in Kirkland Lake do not live in the community. [...] 12 Commentary Prospects for the Mile of Gold: An Economic Profile of Kirkland Lake | June 2024 The Labour Force Kirkland Lake’s labour force participation rate — the share of 15-to-64-year-olds who are active in the labour force — is lower than the Ontario average, as is Kirkland Lake’s employment rate — the share of 15-to 64-year-olds who are employed. [...] The importance of mining to Kirkland Lake’s economy is striking: residents of Kirkland Lake are six times more likely to be employed in “Natural resources, agriculture and related production occupations”, and more than forty times as likely to be employed in the “Mining, quarrying, and oil and gas extraction” industry. [...] That said, as shown in Figure 6, the decline in the total number of businesses in Kirkland Lake is almost entirely attributable (26 out of 27) to a reduction in the number of businesses without employees.4 Moreover, one can identify a positive trend in Kirkland Lake’s business counts: between 2017 and 2021, the number of businesses with 20 or more employees increased from 27 to 35.
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Table of Contents
- Board of Directors 2
- Advisory Council 2
- Research Advisory Board 2
- NPI Who We Are 2
- President CEO 2
- Land Acknowledgement 2
- Permission Statement 2
- Project Partner 3
- William Dunstan 4
- Table of Contents 5
- Executive Summary 6
- Introduction 6
- Demographics 7
- Population 7
- Diversity 8
- Transient and Commuting Populations 8
- The Labour Force 12
- Economic Sectors 13
- Occupations 13
- Industries 14
- Where Kirkland Lakes Labour Force Works 16
- Incomes 17
- Median After-Tax Household Income 17
- Market Income as a Share of Total Income 17
- Business Counts 19
- Education 20
- Dwellings and Households 21
- Housing Affordability 22
- Conclusion 23
- References 24
- About Northern Policy Institute 25
- A Superior Place to Invest series 25
- On the Shores of Opportunity An Economic Profile of Temiskaming 25
- Shores 25
- Picture Yourself Here An Economic 25
- Snapshot of Temiskaming Shores 25
- Thunder Bay 26
- Kirkland Lake 26
- North Bay 26
- Permanent Offices Satellite Office 26
