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HomeNewsUnemployment rate in PG rises for third consecutive month; reaches 5.8% in...

Unemployment rate in PG rises for third consecutive month; reaches 5.8% in July

Prince George saw another hike in its jobless mark according to Stats Canada.

The unemployment rate rose to 5.8% in July, an increase of half a point after it was 5.3 in June.

However, it has risen by two percent over the past three months since recording a figure of 3.8% in April.

Labour Division Analyst, Vince Ferrao told MyPGNow.com despite the increase, the number of people working over the past 12 months remained the same.

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“We have 55,400 people working and a year ago there were 54,200.”

“We have a bit more people participating in the labour market and that is the reason why the unemployment rate is slightly different but it’s not much of a change if you compare it from last year.”

BC’s unemployment rate came in at 4.7% in July after it was 4.6 in June.

Provincial Jobs Minister Ravi Khalon also supplied the following statement on the labour force survey:

“B.C.’s strong economic recovery and low unemployment rate continue to help lead Canada’s economic outlook.

“The province added 14,900 full-time jobs last month, while our unemployment rate remained historically low at 4.7%.

“In July, B.C. had the most people joining the workforce among major provinces. This also shows in the first-quarter (Q1) update for 2022, where the net-migration for B.C. was 23,889 – the highest Q1 in more than 60 years.

“Because we focused on making investments in people, we are leading Canada’s economic recovery and are well positioned to deal with the challenges of global uncertainty and rising inflation being felt all around the world.

Nationally, the jobless mark stayed at a record-low 4.9% even though over 30-thousand jobs were lost.

Here is the breakdown by province:

  • Manitoba 3.5%
  • Saskatchewan 4.0%
  • Quebec 4.1%
  • British Columbia 4.7%
  • Alberta 4.8%
  • Ontario 5.3%
  • Prince Edward Island 5.7%
  • Nova Scotia 5.9%
  • New Brunswick 7.1%
  • Newfoundland and Labrador 10.2%
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