A total of nearly 5,000 council seats were in play from the local elections previously held in 2013.
"We lost seats but we are closing the gap on the Conservatives", he said.
UKIP won a surprise victory in the area taking the seat from Labour.
Labour finance spokesman John McDonnell acknowledged the party had suffered a tough night, but told ITV the results were not "the wipeout that people expected". "Theyre individual contests being fought in very differing situations, from local council-level, issue-driven campaigns up to large mayoral fights with some well-known politicians", a Labour party spokesperson said.
Results showed a loss of 144 seats for Labour - only five weeks before the snap general election.
After the result, he urged local people to vote tactically at the general election on 8 June. Economists are anticipating a rebound in job growth after an unexpected dip in March capped off what we now know was the worst quarter for the U.S. economy in three years.
By lunchtime in Britain, UKIP had lost all the seats that it held, and failed to make any gains.
May is asking voters to strengthen her hand as she seeks a mandate for her plan to implement the result of last year's Brexit referendum by quitting the EU's single market.
Mrs Troughton was bidding to hold onto her Cumbria County Council seat but lost out to Tory Martin Barbour, who is the new councillor for the Howgate electoral division.
If 30% of UKIP voters switch to the Conservatives this time, there are at least 17 Labour seats in danger, many of them in Labour's traditional northern heartlands - including Dewsbury, North East Derbyshire, Barrow and Furness, and Halifax.
Of the 2,006 adults interviewed by ORB, nearly six in 10, or 59 per cent, said Mr Corbyn should stand down immediately if he loses the general election.
Her party gained 558 seats and seized control of 11 councils in the best local election performance by a governing party in 40 years, with the gains mostly coming at the expense of opposition Labour Party and far-right UK Independence Party (UKIP), which lost all of its 145 local authority seats.
One of the most detrimental council losses for the party was Glasgow, Scotland's biggest city and once the staunchest of Labour strongholds.
The results were turned into a projected national vote share of 38% for the Tories, 27% for Labour and 18% for the Lib Dems, with Ukip plunging to just 5%, according to the Guardian. This model assumes that no voters change from Labour to Conservatives - it's only looking at how UKIP's collapse could affect these races.