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HomeNewsCariboo region's unemployment rate highest its been since COVID

Cariboo region’s unemployment rate highest its been since COVID

The unemployment rate in the Cariboo region remained at a 28-month high last month.

Vincent Ferrao, a Labour Market Analyst with Stats Canada, goes over some of the numbers.

“There are about 84,000 people working, 84.100.  A year ago we had more, we had 91,200. That pushed the unemployment rate up.  A year ago it was 5.5 and this June it was 8 percent even.”

Ferrao says that represents about 7,300 people looking for work. (5,300 at 5.5 percent)

He says the biggest declines were in the manufacturing and wholesale and retail trade sectors.

BC’s unemployment rate was 5.6 percent last month, which is higher than the national rate of 5.4, and just 4th lowest amongst the provinces.

Manitoba, Quebec and Saskatchewan were all lower.

Newfoundland/Labrador continues to have the highest unemployment rate in the country, but Ferrao says at 8.8 percent it is the lowest its been since they began using this system to track the numbers in 1976.

Manitoba 4.3%
Quebec 4.4%
Saskatchewan 4.7%
British Columbia 5.6%
Ontario/Alberta 5.7%
Alberta/Nova Scotia 5.7%
New Brunswick/Nova Scotia 6.4%
Prince Edward Island 8.2%
Newfoundland and Labrador 8.8%

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