The results presented below are based on the Labour Force Survey data, selected and packaged by Metro Economics for the counties of Elgin, Middlesex, and Oxford (EMO).
In January of 2017, the unemployment rates stayed about the same as in December of 2016 in Oxford and Middlesex counties. Unfortunately, in Elgin County, the unemployment rate increased by .5 percent. However, during the first quarter of 2017, the employment rates dropped down in all three counties signaling an overall improvement of the labour market in the region. The downward trend maintained its course during April of 2017 too for all three counties. The month of May brought a marginal increase in the unemployment rates in the region. The marginal growth of the unemployment rates continued in all three counties during May, June and July of 2016. Overall, one could notice the positive evolution of the regional labour market during the first half of 2017, in London Economic Region.
During July of 2017, the unemployment rates in the three counties increased minimally relative to June. In the year-to-year monthly comparison, the unemployment rate results in July 2017 were slightly lower than in July of 2016. These figures indicate calm and stability in the local labour markets from the London Economic Region. Furthermore, the unemployment rates in Elgin, Middlesex and Oxford counties dropped slightly during August and September of 2017. Marginal change in the rates of unemployment followed during the month of October for the counties of Elgin and Middlesex. As shown in the below graph, in Oxford County the rate of unemployment during October 2017 escalated by 0.4 percentage points relative to September.
* London Economic Region includes Elgin, Middlesex, and Oxford counties.