Ontario's unemployment rate increased to 7.8% in April, the highest since October 2013, excluding the COVID-19 pandemic peak. This marks three months of job losses, primarily in the manufacturing sector, which accounted for most of the 35,000 jobs lost. The Windsor area, heavily impacted by auto manufacturing, saw a sharp increase in its unemployment rate to 10.7%. Economic experts suggest that external factors, including U.S. tariffs, are exacerbating this worrying trend, indicating fragility in the provincial economy as it continuously exceeds the long-term average unemployment rate.
Ontario's latest unemployment rate of 7.8% signifies ongoing job losses, primarily in manufacturing, marking its highest level since 2013, outside the pandemic's initial shock.
The Labour Force Survey reveals Ontario's unemployment rate has exceeded 7% for eight consecutive months, with significant job losses in the manufacturing sector and overall economic fragility.
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