The unemployment rate in London and St. Thomas rose to 5.2 per cent in May.
While the rate ticked up from the region’s record-low jobless rate of 4.8 per cent in April, Statistics Canada said 2,700 jobs were created in London-St. Thomas and an additional 1,300 people started claiming unemployment.
According to StatCan, the participation rate in the southwest Ontario region increased to 65.8 per cent in May, up from 65.4 per cent in April.
The participation rate looks and measures the size of the working-age population that is currently working or seeking employment.
Nationally, Canada’s unemployment rate fell to 5.1 per cent in May, slightly down from 5.2 per cent in April, the lowest unemployment rate on record.
Canada also added 40,000 jobs, compared with 15,300 added in April.
- What is a halal mortgage? How interest-free home financing works in Canada
- Capital gains changes are ‘really fair,’ Freeland says, as doctors cry foul
- Budget 2024 failed to spark ‘political reboot’ for Liberals, polling suggests
- Starbucks looks likely to win U.S. Supreme Court case involving pro-union workers
Comments