London-St. Thomas Lowers Unemployment Rate To 7.3 Percent In September – London | The Canadian News

The unemployment rate in London-St. Thomas fell to 7.3 percent in September, down from 7.8 percent in August, according to Statistics Canada.

Data reported on Friday shows that 1,200 jobs were added in September and the workforce was reduced by about 300. The number of people who applied for unemployment insurance because they are actively looking for work fell by 1,400.

The participation rate, which measures the proportion of the working-age population working or looking for work, fell slightly to 65.2 percent from 65.3 percent in August.

September marks the third consecutive month that the unemployment rate has fallen.

In 2021, the unemployment rate fell to 6.9 percent in February before rising to 10.0 percent in June. The unemployment rate has since fallen to 7.3 percent in September.