There is double digit unemployment for the first time in a long time in the Cariboo Region.
Andrew Fields is a Labour Market Analyst for Statistics Canada…
“It looks like the unemployment rate in Cariboo increased to 10 percent. That’s compared with 6.7 percent last March so certainly that is a notable increase.”
Fields says it should be noted however that the actual number of people employed in the region is actually up a bit from a year ago.
There were 79,400 people working in the region last month, up from 76,900.
He says the reason for the high unemployment rate is that a lot more people are looking for work in the Cariboo.
This is the largest unemployment rate however, since March of 2010.
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