It was a disappointing jobs report for the Cariboo region in October.
Vincent Ferrao, a Labour Market Analyst with Stats Canada, says the unemployment rate was 9.3 percent.
“That’s about 7,900 people who are looking for work. It has trended up. A year ago the region was at 5.1 percent, with about 4,500 people looking for work.”
Last month’s jobless rate was the highest it’s been since it was also 9.3 percent in December of 2021.
Ferrao says there were around 65-hundred fewer people working in the region last month, compared to October of 2024.
“Most of the declines were in the wholesale and retail trade sector, around 2,000, but there were also declines in educational services and public administration. On a positive note, there were more construction jobs.”
The national unemployment rate was 6.9 percent in October, down slightly from September.
BC’s jobless rate was 6.6 percent, up from 6.4..
Quebec was the lowest at 5.3.
Saskatchewan and Manitoba were also lower than B.C.
