LOCAL UNEMPLOYMENT RATE INCHES CLOSER TO 7%
3/9/2018 3:54:26 PM
The London-St. Thomas unemployment rate is on the rise again. The jobless rate rose to 6.7 per cent in February, up from 6.5 per cent in January.
Statistics Canada says the number of people employed was down by roughly 1,900. Also, a jump of 2,400 people entering the labour force helped the rate rise as well.
Ontario's unemployment rate remained at 5.5 per cent last month even though employment increased by 15-thousand-700 jobs.
The provincial government says in a statement that Ontario's economy has shown steady growth since 2014 and the employment increase was led by monthly gains in the transportation and warehousing and educational services sectors.
But Statistics Canada says all of the gains came in more precarious part-time work.
It says the province lost about 25-hundred full-time jobs last month which was more than offset by the gain of 18-thousand-100 part-time jobs.
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