Over the past 12 months, the jobless mark in Prince George has been slashed in half.
After coming in at 8.8% in July of 2023 – the unemployment rate has remained at 4.4 the last two months according to Stats Canada.
Labour Division Analyst, Vince Ferrao told MyPGNow.com the city only saw a small jump in the people employed.
“There is a little bit more employment. In July, we had 56,700 and in June there were 56,300 – just slightly more than the previous month.”
BC’s unemployment rate spiked to 5.5% in July after it was 5.2 the month prior but is still second-lowest among the provinces trailing only Saskatchewan.
The national mark remained unchanged at 6.4%.
Their report says that total employment was “little changed” with 2,800 jobs lost in the month.
Average hourly wages were up 5.2 per cent year-over-year in July, easing from a rate of 5.4 per cent in June.
Here is a breakdown of all the provinces:
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- Saskatchewan 5.4%
- Britsh Columbia 5.5%
- Quebec/Manitoba 5.7%
- Ontario 6.7%
- Nova Scotia 7.0%
- Alberta 7.1%
- New Brunswick 7.2%
- Prince Edward Island 8.9%
- Newfoundland and Labrador 9.6%
