Tag: Unemployment
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 […]
Tighter immigration seen as ‘golden opportunity’ to get ahead of housing crisis
A population decline is expected during the next two years, following cuts by Ottawa to its immigration target.
Region’s unemployment rate still the second lowest in province
The region’s unemployment rate fell 0.5 percentage points to 3.8 per cent in October and remains the second lowest in the province. Provincially, unemployment was at 7.2 per cent last month — both figures are unadjusted for seasonality. In October, the region’s overall population increased by 400 but the labour force size decreased by 2,500 […]
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. […]
Cami workers ratify new deal, plant returning to two shifts
Workers at Cami Assembly in Ingersoll have ratified a two-year deal with GM Canada, a contract that increases wages and returns the automotive plant to two shifts starting in January. The contract â affecting about 1,300 workers represented by Unifor Local 88 at the Ingersoll plant â was ratified by 96 per cent of production […]
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.
Cami auto workers set to vote on tentative deal between union, GM
Workers at Cami Assembly in Ingersoll have reached a tentative agreement with GM Canada, their union says. Details of the tentative agreement will be shared with workers at a ratification meeting Sept. 22, Unifor 88 said in a statement issued early on Wednesday. The union represents about 1,300 workers at the Ingersoll plant and has […]
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.