Originally Posted by Wharn
What the hell's going on in Peterborough?
I would assume a larger number of the unemployed in Peterborough are seasonal workers. That figure should decrease dramatically in the coming month or two as contracts start again.
As for London, we've got problems on all fronts, not just manufacturing. Unions are becoming an issue for white collar and service jobs now as well. People in unions feel entitled to pay increases and benefits since they pay union dues, and thus they won't accept pay freezes or some cutbacks despite the economic environment surrounding them. The unions seem to oblivious to this fact for the most part and make demands that might have been negotiable 5 years ago not no longer. When they don't a good compromise, strikes/layoffs happen... Just look at what happened to Electro Motive.
For now we need to take what we can get. London is also missing out on some major capital works projects taking place in other cities (like the 401 extension in Windsor) which helps keep unemployment rates down. With London not wanting to raise taxes or go into debt, the province in debt, and the federal government not wanting to spend much on stimulus anymore, I doubt any major works projects will come to London any time soon.
London really needs to market itself to make it attractive to residents and businesses in the Toronto area. If some of them move here, growth could climb beyond 1% and the economy could start to recover.
-St Thomas needs to market itself as a bedroom community for London or anything other than manufacturing.