Photo by Tim Mossholder on Unsplash
ACCORDING TO FRIDAY’S jobs report from Statistics Canada, the London-area unemployment rate climbed for the second straight month, despite adding 3,600 new jobs.
Unemployment in the London region now sits at 8.2 per cent, up from 7 per cent in March.
The increase is the result of an increase in the number of people looking for jobs as the London region saw its labour force (people working and looking for work) jump by about 7,700 people.
Story Continues Below
The effects of the pandemic on the local economy can be seen in the numbers, but the full impact of third wave and Ontario’s current stay-at-home order isn’t clear yet, as Statistics Canada reports municipal figures using a three-month moving average.
Provincially, Ontario lost approximately 153,000 jobs in April, and nationally the economy lost roughly 207,000, due to renewed public health restrictions and closed businesses, Statistics Canada said.
The national unemployment rate mirrors London’s at 8.1 per cent, up from 7.5 per cent in March.
London Inc. Weekly: A summary of regional business news from the past week
Dispatch: A summary of recent business appointments and announcements, plus upcoming events for the week ahead MOVED Malibu Restaurant East,…
Formulating effective policies on confidentiality and addressing disabilities is a fact that every organization must develop
The fact that an accident was partly caused by an individual does not make him or her lose the damages
When documents clearly show steady income and sensible money habits, your business becomes a strength in your application, not a…
Innovative healthcare staffing solutions can be a lifeline, and work faster and better than you may imagine