The unemployment rate in Prince George reached 11.8% in May, a seven-point increase from the same month last year.
Stats Canada Labour Division Analyst, Vince Ferrao told MyPGNow.com the decline in the number of people working reflected this.
“There were 40,900 people working and if we compare this to a year ago, we had 50,700 people working, giving us a decline of almost 10-thousand.”
The jobless mark for the Cariboo economic region, which also includes PG sits at 10.6%, an increase of five points in comparison to May of 2019.
In April, the local unemployment figure was 10.1%.
BC’s jobless rate reached 13.4% last month.
Ferrao adds the province also lost a ton of jobs on a year-over-year basis.
“About 390-thousand (were lost) over 12 months, however, if we look at April and May of this year, there was a pickup of 43-thousand.”
The highest unemployment rate ever recorded in the province was 15.7%, which was set back in May of 1984.
The national unemployment rate reached a record-high of 13.7% last month.
Here is the provincial breakdown:
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- Manitoba 11.5%
- Saskatchewan 12.5%
- New Brunswick 12.8%
- BC 13.4%
- Nova Scotia 13.6%
- Ontario 13.6%
- Quebec 13.7%
- Prince Edward Island 13.9%
- Alberta 15.5%
- Newfoundland and Labrador 16.3%
