London, Ont. jobless rate rose to 5.7% in June, Statistics Canada says – London

in Jul 08, 2022

The unemployment rate in London, Ont., rose again for the second straight month in June.

According to Statistics Canada, London lost 1,600 jobs last month, resulting in the unemployment rate rising to 5.7 per cent in June from 5.2 per cent in May.

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With a slightly increased participation rate of 65.9 per cent, just under 295,000 people in the region were employed last month.

The participation rate looks and measures the size of the working-age population that is currently working or seeking employment.

However, the unemployment rate for Ontario was marked at 5.1 per cent in June, down from 5.5 per cent in May.

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Additionally, the province’s participation rate decreased to 65.0 per cent from 65.5 per cent.

Nationally, Canada’s unemployment rate fell to 4.9 per cent, hitting a new record low as 43,000 people started claiming unemployment.

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