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Nationally, the jobless rate lowered to 5.8 per cent - a 0.1 per cent dip from last month's count of 5.9. But there was also an increase in the labour force of 4,400.

While employment was little changed in Ontario, there were fewer people looking for work, lowering the unemployment rate to 5.6 per cent.

While London's jobless rate is low, so is the labour participation rate.

In October of 2017, our region had an unemployment rate of 5%.

But the average hourly wage growth, which is closely watched by the Bank of Canada, continues its decline to 2.19 per cent in October, the weakest reading since September 2017.

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This marks the eighth consecutive month in which the unemployment rate has been below five per cent, usually a sign of a healthy economy.

According to Statistics Canada's monthly labour force survey, the nation gained 11,200 jobs last month, coming from an uptick of 33,900 full-time positions and a loss of 22,600 part-time roles.

Experts have predicted wage growth to rise in the tightened labour market, but it has dropped every month since May when it was 3.94 per cent. It dropped to an all-time low of 4.7 per cent a month later in August.

While employment rose slightly in Saskatchewan, it was relatively steady in most other provinces.

The biggest decreases came on the east coast, led by Newfoundland and Labrador, Prince Edward Island and New Brunswick.


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