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. After May 2017, the labour markets in the three counties experienced an improvement, until September 2018. Consequently, the unemployment rates in the three counties followed a downward trend again. Overall, one could notice the positive evolution of the regional labour market during the first three quarters of 2017, in London Economic Region. Historic low values of the unemployment rates could be observed for the Middlesex County during the beginning of 2017.
These figures indicate calm and stability in the local labour markets of the London Economic Region. A marginal change in the rates of unemployment in all three counties would be observed during the month of October. As illustrated in the graph below, for Oxford County the change was larger, the rate of unemployment during October escalated by 2 percentage points relative to September 2017. The end of 2017 was dominated by an increasing trend of the unemployment rates in all three counties. In January 2018, the increasing trend of the unemployment rates continued. The results from January 2018 were slightly higher than a year before, in January 2017, for all three counties. After January 2018, another improvement trend in the unemployment rates across all three counties can be observed. In June 2018, the unemployment rates showed a slight increase in Middlesex and Oxford counties while it maintained in Elgin County. In July of 2018, it is noticeable again the beginning of an improving trend of the market conditions in all three counties. Fairly stable evolution of the unemployment rates in the three counties between May and August 2018, on a marginal growth trend.
* London Economic Region includes Elgin, Middlesex, and Oxford counties.