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Year over year unemployment rate plummets in the Cariboo

The unemployment rate in the Cariboo region was down substantially in April compared to a year ago.

Vincent Ferrao, a Labour Market Analyst with Stats Canada, says it was down more two percent.

“For April the unemployment rate came in at 5.5 percent for the Cariboo, and that compares with 7.6 percent a year ago.”

Ferrao says there were also a lot more people working in the region.

“This April we had 86,900 people working and in April of last year there were 81,900. The level of unemployment came down as well. We’re at 5,100. A year ago there were 6,700 people looking for work.”

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

“For example educational services, healthcare and social assistance, accommodation and food. There were about 4,400 more people working in the services sector.’

Ferrao says construction was also up a bit.

He says there was a decline of about 2,000 in natural resources, things like forestry and mining.

April was also a good month for BC as our province once again has the lowest unemployment rate in the country at an even 5 percent.

That is down from 5.5 in March.

Manitoba and Quebec are next at 5.1 percent.

The national jobless rate is at 6.1 percent.

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