London’s jobless rate rose to end the year, finishing 2016 at 7 per cent.
It was the third straight increase for London-St. Thomas, which started the year at 5.8 per cent in January. Statistics Canada says the London area lost 1,800 jobs in December.
London never came close to jobless rate below 6 per cent following January’s numbers. Unemployment reached a high of 7.3 per cent in April and June and spent most of the year in the low 7 per cent range or high 6 per cent range.
Nationally, employment rose by 53,700 in December, the result of gains in full-time work. The unemployment rate increased 0.1 percentage points to 6.9 per cent, as more people participated in the labour market.
In the fourth quarter of 2016, employment increased by 108,000, the largest increase since the second quarter of 2010. This followed a gain of 62,000 in the third quarter.
In Ontario, employment increased 1.2 per cent in 2016, mainly in part-time work. The unemployment rate declined 0.3 percentage points to 6.4 per cent.
From December 2015 to December 2016, employment increased by 2.0 per cent in the service sector, while it declined by 1.6 per cent in the goods-producing sector.
In 2016, employment in information, culture and recreation rose by 6.5 per cent, following little change in 2015. Employment in this industry has been on an upward trend since the spring.
Employment in the “other services” industry grew 5.5 per cent in 2016, driven by gains in the last three months of the year. Employment in this industry increased notably in Quebec and Alberta. In public administration, employment increased by 3.9 per cent, with most of the growth in Quebec, Alberta and Saskatchewan.
There were more people employed in finance, insurance, real estate, rental and leasing in 2016. Employment in this industry has been on an upward trend throughout the year.
For people aged 25 to 54, employment rose 0.8 per cent in 2016, while their population increased 0.2 per cent. Employment among youths aged 15 to 24 was virtually unchanged, while their population declined by 46,000. As a result, their rate of employment increased 0.7 percentage points to 56.1 per cent. The youth unemployment rate was little changed at 12.6 per cent.