Mike Moffatt | London-St. Thomas unemployment rate dropped for second month in a row

London’s unemployment rate dropped again last month to 6.8 per cent, down from 7.1 per cent in October. The Ontario government announced a $1.5-million investment for London manufacturer Starlim North America, creating 24 new jobs for the business.

“Manufacturers need to increase their capacity, that’s why announcements like this one today are so important,” said Assistant Professor Mike Moffatt in an interview with the London Free Press.

Moffatt stressed the money provided by Ontario’s Southwestern Development Fund is exactly what’s needed as the economy heats up.

“We have several companies that are near capacity and they need to invest in order to expand, in infrastructure, equipment and technology. We are seeing this happening,” he said.