Hamilton's unemployment figures have improved for the third month in a row.
Statistics Canada released numbers for October showing that Hamilton has an unemployment rate of 6.3 per cent. That's a half-a-percentage point drop from September, and a full point decline from August.
"We have a very strong economy right now," said Neil Everson, director of economic development for the city of Hamilton.
Hamilton had an industrial vacancy rate of 2.3 per cent that has been absorbed in the past two months. Everson said companies have moved into those spaces and created jobs.
"Certainly there is a lot of employment there," he said.
Everson expects job rates to increase for the remainder of 2012 because of holiday season hiring, but they will level off again in February and March.
The national average stalled at 7.4 per cent after two months of gains. Private-sector employment fell by 20,300 in the month, Statistics Canada said Friday. That drop was offset by an increase in public sector hiring.
"The slow pace of hiring in October followed unsustainably strong gains in the prior two months and the unemployment rate has been range-bound between 7.2 and 7.4 per cent for the past nine months," Royal Bank economist Dawn Desjardins said in a note following the release of the data.