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 - 7.6 % with the current average rate around 6 1/4%.  As a result there remains an available skilled labour force in Woodstock, ready to meet the needs of new and expanding employers.

 

	2005	2006	2007	2008	2009	2010
January	5.5	6.7	5.4	6.6	7.2	8.4
February	5.5	6.6	5.2	6.5	7.9	8.5
March	6.2	7.0	5.9	6.5	8.9	9.3
April	6.4	6.7	6.1	6.8	10.0	8.8
May	6.5	5.8	6.3	7.0	10.7	8.6
June	6.0	5.2	5.9	6.9	10.3	8.3
July	6.1	5.7	6.0	6.8	10.8	8.2
August	6.3	6.4	6.3	6.7	10.9
September	6.4	6.3	6.3	6.9	10.9
October	6.3	6.0	5.9	6.5	10.0
November	6.5	5.4	5.9	6.7	8.9
December	6.6	5.3	6.2	7.2	8.1
Average	6.2	6.1	6.0	6.8	9.8	8.6

	2005	2006	2007	2008	2009	2010
January	6.4	5.9	6.0	6.0	7.2	8.7
February	6.6	6.2	6.1	6.1	7.9	8.9
March	7.0	6.5	6.7	6,5	8.9	8.8
April	7.0	6.3	6.6	6.4	9.1	8.8
May	7.0	6.2	6.7	6.6	9.4	8.9
June	6.8	6.0	6.5	6.5	9.4	8,3
July	7.0	6.4	6.7	6.8	9.8	8.5
August	7.0	6.7	6.9	6.9	9.9
September	6.9	6.9	6.7	6.8	9.6
October	6.5	6.4	6.1	6.3	8.9
November	5.8	6.0	5.7	6.2	8.4
December	5.7	5.7	5.7	6.4	8.3
Average	6.6	6.3	6.4	6.5	8.9	8.7

	2005	2006	2007	2008	2009	2010
January	7.0	6.4	6.1	5.8	6.8	8.2
February	7.2	6.7	6.3	6.0	7.5	8.4
March	7.4	6.9	6.6	6.3	8.3	8.2
April	7.3	6.7	6.4	6.3	8.6	8.1
May	7.1	6.5	6,3	6.3	8.7	8.1
June	6.8	6.1	6.0	6.0	8.4	7.9
July	6.7	6.1	6.0	6.0	8.6	8.0
August	6.8	6.4	6.1	6.1	8.7
September	6.8	6.5	6.0	6.2	8.5
October	6.5	6.1	5.7	6.0	8.1
November	6.1	5.8	5.4	5.8	7.7
December	6.1	5.7	5.5	6.0	7.8
Average	6.8	6.3	6.0	6.1	8.1	8.1

 

Source: Statistics Canada
* Economic Region 560 and London Area

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.