London's jobless rate fell to 7. 4 per cent in June, down from 7.7 per cent the previous month.
This is the third time the jobless rate - which sat at 8.2 per cent in March - has fallen in the city.
Kapil Lakhotia, president of the London Economic Development Corporation, says "Over the past several years the city has been issuing wll over $700 million in building permits every year. In fact, a couple of years ago we had exceeded a billion dollars, which is a significant mark to achieve."
He adds that he's skeptical when it comes to monthly unemployment numbers, which can vary greatly and may not reflect the new economy where people transition between jobs more often, there are more entrepreneurs and more people on contract.
The long-term trend is encouraging though. Unemployment has gone from 9.9 per cent in 2009, to 8.5 per cent in 2013 and now sits at 7.4 per cent.
"That's a long-term trend that's indicative of positive momentum being built in the economy," Lakhotia says.
Nationally, Statistics Canada says the economy shed 9,400 jobs, pushing the unemployment rate up by 0.1 per cent to 7.1 per cent - the highest it has been since last December.
Ontario took the brunt of job losses in the country, shedding almost 34,000 jobs, all among young workers in the age 15-24 group.
Economists had predicted a good month nationally and in Ontario, due to activity from the provincial election campaign.
But instead Ontario saw its unemployment rate increase to 7.5 per cent, up from 7.3 in May.
Over the past 12 months, only 72,000 new jobs have been created, split between part-time and full-time workers.
With files from The Canadian Press
