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HomeNewsUnemployment rate is down in the Cariboo

Unemployment rate is down in the Cariboo

Good news on the unemployment front in the Cariboo region.

As Andrew Fields, a Labour Market Analyst with Stats Canada explains, there was another decline last month.

“In Cariboo the unemployment rate was 4.2 percent in November. That’s pretty much what it was the month before which was 4.3 percent, but down from a year earlier. Last November it was 5.5 percent.”

Fields says there were roughly 15-hundred more people working in the Cariboo last month compared to a year ago.

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“Most of that increase was in full-time employment. There were increases in wholesale and retail trade as well as healthcare and social assistance, but there was a decline in construction and also a decline in manufacturing, so some of those increases were offset by some of the decreases, but in the end there was a slight employment increase.”

The national unemployment rate was 5.1 percent last month, down from 5.2

BC’s jobless rate was 4.4 percent, tied with Manitoba for the third-lowest among the provinces.

Only Quebec, at 3.8%, and Saskatchewan at 4.2 were lower.

 

Quebec 3.8 %
Saskatchewan 4.2%
BC 4.4%
Manitoba 4.4%
Ontario 5.5%
Alberta 5.8%
Nova Scotia 6.0%
PEI 6.8%
New Brunswick 7.3%
Newfoundland 10.7%

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