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HomeNewsCariboo jobless rate was highest in six months in May

Cariboo jobless rate was highest in six months in May

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Down from last year but the highest it’s been in 6 months.

That sums up the unemployment rate in the Cariboo region in May.

Vincent Ferrao, a Labour Marker Analyst with Stats Canada, goes over some of the numbers…

“For May, there were 91, 700 people working. A year ago, there were a bit less, there were 87,000 people employed at that time. In terms of the unemployment rate, it was 5.2 percent this May.”

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Ferrao says that was down from 6.5 percent in May of 2021 and 10.7 in May of 2020 when we were in the middle of the COVID-19 pandemic.

However, it is also the highest jobless rate since November when it was 5.5 percent.

Ferrao says most of the employment gains in the Cariboo were in the service sector.

“And basically a couple of industries in the services.  Wholesale and retail trade is up, as well as healthcare and social assistance.  Accommodation and food services have a bit of a decline.”

The national unemployment rate was 5.1 percent last month, while BC’s was 4.5.

Only Quebec was lower at 4.2.

PROVINCIAL JOBLESS RATES

Quebec 4.2%
BC 4.5%
Manitoba 4.7%
Saskatchewan 4.8%
Alberta 5.3%
Ontario 5.5%
Nova Scotia 6.7%
New Brunswick 7.1%
PEI 7.8%
Newfoundland 10.0%

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