Employment Trends

Employment trends have remained stable over the last 10-year period, with employment loss in the manufacturing sector being offset by new company openings. Unemployment rates have fluctuated from 5.2 - 10.9 % with the current average rate around 8.7%.  As a result there remains an available skilled labour force in Woodstock, ready to meet the needs of new and expanding employers.

Unemployment Rate Comparison

EmploymenTrends2016

 
Woodstock*
  2013 2014 2015 2016 2017
January 8.5 7.9 7.2 5.8 6.9 
February 9.1 8.0 7.0 6.4 6.2 
March 9.6 8.2 6.9 6.6 6.0 
April 9.9 8.0 6.8 7.3 5.7 
May 9.8 7.7 6.1 7.0 6.2 
June 9.2 7.4 5.9 7.3 6.0 
July 8.6 7.4 6.3 7.2  
August 8.3  7.5 6.6 7.2  
September 7.9 7.4 7.3 7.0  
October 7.9 7.5 7.1 6.7  
November 7.5 7.8 6.8 6.9  
December 7.8 7.6 6.2 7.0  
Average 8.7 7.7 6.7 5.8  

 
*Economic Region 560 and London Area

 

Ontario
  2013 2014 2015 2016 2017
January 7.7 7.5 6.9 6.7 6.4 
February 7.7 7.5 6.9 6.8 6.2 
March 7.7 7.3 6.9 6.8 6.4 
April 7.7 7.4 6.8 7.0 5.8 
May 7.3 7.3 6.5 6.6 6.5 
June 7.5 7.5 6.5 6.4 6.4 
July 7.6 7.5 6.4 6.4  
August 7.5 7.4 6.8 6.7  
September 7.3  7.1 6.9 6.6  
October 7.4 6.5 6.8 6.4  
November 7.2 7.0 6.9 6.3  
December 7.9 7.0 6.7 6.4  
Average 7.5 7.3 6.8 6.7  
Canada
  2012 2013 2014 2015 2016 2017
January 7.6 7.0 7.0 6.6 7.2 6.8 
February 7.4 7.0 7.0 6.8 7.3 6.6 
March 7.2 7.2 6.9 6.8 7.1 6.7 
April 7.3 7.2 6.9 6.8 7.1 6.5 
May 7.3 7.1 7.0  6.8 6.9 6.6 
June 7.2 7.1 7.1 6.8 6.8 6.5 
July 7.3 7.2 7.0 6.8 6.9  
August 7.3 7.1 7.0 7.0 7.0  
September 7.4 6.9 6.8 7.1 7.0  
October 7.4 6.9  6.5 7.0 7.0  
November 7.2 6.9 6.6 7.1 6.8  
December 7.1 7.2 6.6 7.1 6.9  
Average 7.3 7.1 6.9 6.9 7.2  


Source: Statistics Canada

 

Since sub-provincial averages are subject to wide margins of errors, the estimates are averaged over a period of three months. The resulting series show less irregular movements, while preserving the underlying trend of the series.