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Cariboo Job Market Remains Steady

The Cariboo got off to a pretty good start on the unemployment front in 2018.

Andrew Fields, a Labour Market Analyst for Stats Canada, goes over the numbers…

“The unemployment rate was 7.3 percent in January, 2018 and that’s down from 8.8 percent last January. So that’s down by 1.5 percentage points.”

Fields says the actual number of people working however, was down slightly, as there were about a thousand fewer people working in the Cariboo region…

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“The biggest decline was in agriculture, there were about 2 thousand fewer people working in agriculture and about 1,600 fewer people working in natural resources so those were the two biggest declines year over year. At the same time there were increases, there were actually 4,000 more people employed in healthcare and social assistance and also about 1,600 more people working in finance, insurance, real estate and rental and leasing.”

BC continues to have the lowest unemployment rate in the country at 4.8 percent and only PEI has a better growth rate year over year at 2.7 percent.

BC is at 2.5

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