Menu

Topics

Connect

Comments

Comments closed.

Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time.

Please see our Commenting Policy for more.

London-St. Thomas jobless rate jumps to 6.3% in October

Sean Kilpatrick/The Canadian Press

London’s unemployment rate rose to 6.3 per cent in October, up from 5.5 per cent the month before.

Story continues below advertisement

It’s the first time the jobless rate has been above 6 per cent in London since June.

The unemployment rate rose as 800 people were added to the labour force while 1,300 jobs were lost.

2,100 more people claimed unemployment.

The daily email you need for 's top news stories.

London continued to have a worst labour participation rate in the country. London’s labour participation rate sits at 59 per cent, below the provincial average of 64.8 per cent and the national average of 65.7 per cent.

Nationally, Statistics Canada says the economy added 35,000 jobs in October but the unemployment rate crept higher, with more young people looking for work.

Story continues below advertisement

Despite adding jobs, Canada’s unemployment rate increased to 6.3 per cent, up from 6.2 per cent in September.

On a year-over-year basis, total employment rose by 308,000, with full-time work increasing by 397,000 and the number of people working part time declining by 89,000.

In Ontario, employment was virtually unchanged in October, while the unemployment rate increased 0.3 percentage points to 5.9 per cent as more people searched for work.

With files from the Canadian Press

Advertisement

You are viewing an Accelerated Mobile Webpage.

View Original Article