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Unemployment rate tumbles in October

The city's unemployment rate stood at 7.3 per cent last month, according to Statistics Canada labour force survey numbers released Friday, a noticeable drop from 8.

The city's unemployment rate stood at 7.3 per cent last month, according to Statistics Canada labour force survey numbers released Friday, a noticeable drop from 8.5 per cent in September as the number of people holding down jobs grew by 600 to 48,400.

A 600-person increase in the number not actively seeking jobs also played into the declined while those unemployed but seeking work fell by 700 to 3,800.