April’s unemployment rate in Prince George saw a favourable trend when compared to March.
According to the Labour Division Survey, the local jobless mark came in at 6.4%, a near 1% drop when compared to 7.2 in March.
Analyst, Vince Ferrao explains what the percentage looks like in terms of unemployed numbers.
“This April, there are 3,400 unemployed people. If we look at how many people are working, this April, we had 49,700 people.”
Comparing to a year ago, April 2024 had an unemployment rate of 5.2%.
Across the province, the unemployment rate was at 6.2%, which is a slight increase from 6.1% in March.
BC had the 4th lowest unemployment rate, sitting behind Saskatchewan, Manitoba, and Quebec.
Nationally, the unemployment rate rose 0.2%, up to 6.9%, following a similar trend in March where it increased by 0.1%.
The unemployment rate returned to it’s level from November 2024, the highest since January 2017.
That excludes 2020 and 2021 during the COVID-19 pandemic.
Overall, employment held steady with no percentage change in April, seeing an additional 7,400 jobs.
Here’s a breakdown of all the provinces:
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- Quebec: 6.0%
- Saskatchewan: 4.3%
- British Columbia 6.2%
- Manitoba 5.3%
- Nova Scotia 7.2%
- Alberta 7.1%
- Ontario 7.8%
- New Brunswick 6.9%
- Prince Edward Island 6.6%
- Newfoundland and Labrador 9.6%
