Good news on the Cariboo’s unemployment front today.
For the first time in more than a year the Cariboo region’s year over year unemployment rate actually dropped.
Andrew Fields, a Labour Market Analyst with Stats-Canada, says it was 5.6 percent last month…down from 6.7 in April of 2015.
“There were about 4,000 fewer people working in wholesale and reatil trade, but at the same there were more people working in manufacturing about 2,000 more people, about 1,600 more people working in education.”
Fields says the reason for the drop in the year over year unemployment rate was that about a thousand fewer people were actually looking for work.
BC currently has the lowest unemployment rate in Canada at 5.8%-a first time since 1976.
The national unemployment rate is 7.1%.