London-St. Thomas jobless rate for March marks first increase since June

The unemployment rate in London-St. Thomas inched up slightly to 7.0 per cent in March, from 6.9 per cent in February.

It’s the first time the rate has climbed since it hit a high of 12.6 per cent in June.

Read more:
London-St. Thomas jobless rate for February at lowest level since March 2020

However, the uptick appears to be due to an increase in the number of people looking for work that outpaced the number of jobs created.

According to Statistics Canada data released Friday, the region added 1,300 jobs last month but the labour force grew by 2,000. Additionally, 700 more people claimed unemployment.

The participation rate, which measures the proportion of the working-age population that is working or looking for work, climbed to 63.3 per cent from 63 per cent.

Read more:
Canadian economy added 303,000 jobs in March as COVID-19 restrictions eased

Nationally, Statistics Canada says the economy added 303,000 jobs in March as employment increased, including gains in sectors hardest hit by public health restrictions.

The unemployment rate for March stood at 7.5 per cent, down from 8.2 per cent in February, bringing the rate to a pandemic-era low.

— with files from The Canadian Press.

© 2021 Global News, a division of Corus Entertainment Inc.

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