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HomeNewsUnemployment rate up nationally, PG holds stable

Unemployment rate up nationally, PG holds stable

Canada’s job rate declined, but remained stable last month and the same can be said for our region.

StatsCan says the national unemployment rate increased by just 0.1% to 6.6%

StatsCan analyst Vincent Ferrao says Northern BC’s unemployment is sitting at 4.7%, a .0.2% increase from this time, last year.

“We had a month of little change, employment with little change, we had 83,900 people working, compared with 84,300 a year ago,” he says.

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Ferrao says retail and wholesale trade had a slight decline but, but it was made up for by increases in education services and business building.

“That counter-balanced the decline, on the whole, there was little overall change,” he says.

BC managed to buck the national trend by adding over a thousand jobs to lower the unemployment rate to 5.8%.

StatsCan reports 10,700 jobs were lost nationally, ending a two-month string of gains.

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