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Unemployment rate reaches 7-year high in London, St. Thomas
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The jobless rate in London and St. Thomas, Ont., climbed from 5.8 per cent in March to 8.9 per cent in April as the economic repercussions of the novel coronavirus pandemic became more apparent.
The last time the unemployment was near 8.9 per cent in the region was in summer 2013 when the jobless rate went from 9.1 per cent in July to 8.5 per cent in August.
In April, Statistics Canada reports the local labour force decreased by roughly 8,300 people, 16,300 jobs were lost and the number of people claiming unemployment rose by 7,800.
The participation rate, which has long been of concern in the London region, fell from 61.6 per cent in March to 59.7 per cent in April.
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