Tag: Jobless rate
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.
U.S.-based uniform business opens London plant, creating 80 jobs
A uniform-cleaning business that will serve clients across Southwestern Ontario is opening its doors in London.
London-area loses 3,600 jobs, capping difficult summer for workers
The London region shed about 3,600 jobs in August, marking the third consecutive month of job losses locally, the latest labour market snapshot shows. In total, the region has lost 7,300 positions since June, Statistics Canada reported Friday, capping what has been a difficult summer for job seekers across the country. Despite Augustâs employment decline, […]