Tag: Jobless rate
Unemployment rate in region that includes Grey-Bruce ticks up
Despite a rise in the unemployment rate in the region that includes Grey-Bruce, the area had the lowest jobless rate in Ontario last month. The Four County Labour Market Planning Board release a report last week that shows the unemployment rate for the Stratford-Bruce Peninsula region increased by 0.4 percentage points in December to 3.6 […]
Interest rates, Donald Trump and London’s 2025 housing market outlook
London’s housing market ended 2024 on a positive note, bolstered by a strong fall that helped the region reach 8,000 homes sold for the first time in three years. All signs pointed to an even stronger 2025 amid lower interest rates and new mortgage rules meant to help first-time buyers. But clouds are now on […]
What caused London’s jobless rate to jump significantly to 7%?
London’s labour market ended 2024 with mixed results, adding about 400 new jobs while its jobless rate jumped to seven per cent in December, Statistics Canada reported Friday. It’s a level of unemployment that, excluding the COVID-19 pandemic years, has not been seen in the region since August 2016, when the unemployment rate sat at […]
London-area adds 3,000 new jobs as employment trend stays positive
The London-area economy added close to 3,000 jobs in November, but the regionâs jobless rate still edged up last month as more people looked for work, Statistics Canada reported Friday. In total, the London area, which also takes in St. Thomas, Strathroy and portions of Elgin and Middlesex County, added 2,700 new positions, marking the […]
The city enjoyed a 3.2 per cent spike in the value of goods made here, called gross domestic product or GDP, in 2023. However, inflation and interest rates have taken hold to slow that to 1.7 per cent
London’s once hot economy remains âhealthyâ although it slowed this year to a steady pace that is expected to continue through 2025, says an economic report released Thursday. London enjoyed a 3.2 per cent increase in the value of goods made here, called gross domestic product or GDP, in 2023. However, higher inflation and interest […]
London unemployment rate holds steady, even as more jobs created
The London area added 1,400 new jobs in October, the second straight month of employment gains for the region, Statistics Canada reported Friday. Despite the gains, which followed an abysmal summer in which London shed about 7,300 positions, the jobless rate for the region was unchanged from Septemberâs 6.4 per cent. Thatâs the result of […]
London jobless rate improves slightly with small job gains after months of losses
Londonâs unemployment rate went down in September by the slightest of margins thanks to modest job gains that helped break a three-month streak of losses. The London area, which also takes in Strathroy, St. Thomas and portions of Elgin and Middlesex counties, added 700 new jobs last month, Statistics Canada reported Friday. That helped bring […]
A snapshot of London’s economy – the good, and the bad
London’s economic development agencies are reporting job and employment growth in the city, just as the Conference Board of Canada says employment and economic performance are stagnant. The cityâs major economic officials have submitted their annual reports to city hall, offering a snapshot of the diversity of the work being done here to support industry. […]
As London-area job vacancies drop, work is getting harder to find: Analyst
People looking for work in the London region have fewer choices, with the number of job vacancies in the area continuing on a downward trend, new figures from Statistics Canada show.
London mortgage delinquencies double, more headwinds loom
The number of Londoners behind on their mortgage payments has doubled in the the past two years, as the burden of higher interest rates overwhelms some homeowners.