The unemployment rate in the Cariboo region is trending in the right direction.
It was down again last month and is the lowest it’s been since April of 2016.
Andrew Fields, a Labour Market Analyst with Stats Canada, goes over some of the numbers…
“The unemployment rate was 6.2 percent in September. That’s down from 7.4 percent last September so in total there are about 5,500 people unemployed in Cariboo.”
Fields says the unemployment rate went down despite a fairly large decline in the number of people working in natural resources and agriculture.
They were offset by more people working in services such as healthcare.
Fields says BC also had a good month in September…
“BC had an employment growth rate of 3.6 percent which means there were about 85 thousand more people employed. That’s compared with a growth rate at the national level of 1.8 percent. So definitely BC is still doing really well and it’s unemployment rate is 4.9 percent, which is the lowest in a long while.”
The province’s jobless rate is the lowest in the country and BC’s lowest rate since September of 2008.