Prince George’s unemployment rate saw a bit of an increase in November.
According to the Labour Division Survey from Stats Canada, the jobless mark rose to 4.2% after coming at 3.5 in October – a spike of just over half a point.
In BC, the unemployment rate was 4.4% – tied with Manitoba for the third-lowest among the provinces.
Provincial jobs minister Ravi Khalon issued the following statement on the survey:
“As we near the end of 2022, British Columbia saw a gain of 8,800 full-time jobs in November, even as B.C. saw an overall decline in jobs (-13,700, 0.5%) driven by losses in part-time positions. This reflects the impact of the Bank of Canada’s interest-rate hikes to fight global inflation. Despite global economic uncertainty, B.C. continues to be well-positioned among our provincial and territorial peers with one of the lowest unemployment rates in Canada (4.4%), near historic lows for B.C.
“B.C. saw an increase in private-sector jobs this month (+5,500) and our economic recovery rate of 104% also continues to make B.C. a leader across Canada. As many as 105,000 more people are working now in B.C. than before the pandemic, including 61,700 more people in the private sector.”
Only Quebec (3.8%) and Saskatchewan (4.2%) outranked them.
Nationally, Canada’s unemployment rate fell slightly last month after adding 10-thousand jobs.
Employment increases were seen in industries including finance and recreation.
The rate came in at 5.1%, down from 5.2 the previous month.
Here is a full breakdown of all the provinces:
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- Quebec 3.8%
- Saskatchewan 4.2%
- Manitoba/BC 4.4%
- Ontario 5.5%
- Alberta 5.8%
- Nova Scotia 6.0%
- Prince Edward Island 6.8%
- New Brunswick 7.3%
- Newfoundland and Labrador 10.7%
