London-St. thomas Unemployment rate fell to 4.8 percent in March, which is the lowest level statistics canada Since last April.
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The decline comes despite the sector losing 1,400 jobs last month, with 2,400 people leaving the workforce, down from the 314,100 reported in February. The number of people claiming unemployment in March also declined by 900.
The participation rate also fell to 64.6 per cent last month from 65.2 per cent in February.
London-St. Thomas Rhett now sits down national unemployment rateWhich remained stable at five percent last month.
Nevertheless, the Canadian economy added 35,000 jobs in March, led by growth in Ontario, where 21,000 jobs were added. Despite the large increase, the province’s unemployment rate also remained stable at 5.1 percent.