Prince George’s unemployment rate saw a healthy dip in July according to Stats Canada.
The jobless mark came in at 5.2 percent, a decline of half a point when compared to June (5.7%).
As for the volume of our workforce, Labour Division analyst, Vince Ferrao told MyPGNow.com there were fewer people holding down a job on a year-over-year basis.
“Looking at employment, the number of people working in Prince George was 49,600 in July and that compares with July of last year when there 53,400 people employed.”
BC’s jobless mark rose to 5.9% in July, up from 5.6 in June – the third lowest among the provinces.
Canada’s unemployment rate held steady at 6.9% despite losing 41-thousand jobs.
The employment decline was most felt among youth (aged 15 to 24) dropping by 34 thousand.
The youth unemployment rate is 14.6% – it’s highest level since 2010.
Here is a breakdown of all the provinces:
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- Saskatchewan 5.0%
- Quebec/Manitoba 5.5%
- British Columbia 5.9%
- Nova Scotia 7.0%
- New Brunswick 7.5%
- Alberta 7.8%
- Ontario 7.9%
- Prince Edward Island 8.8%
- Newfoundland and Labrador 10.5%
