Unemployment Rate Increase No Concern Says Analyst
Prince George, B.c.- The Unemployment rate in Prince George increased last month to 5.5%, up from the 4.5% recorded in July of last year. The increase is not significant says Stats Canada analyst Vincent Ferrao, saying the change is a reflection of an increase in the labour force, not in the number of jobs lost. There were 51,200 people working in Prince George last month, compared to 49,000 in the same month a year ago.
For the Cariboo Region, a slight decline, with the rate sitting at 5.7% last month, compared to 5.9% in July of 2013. Ferrao says again, there were more people in the workforce, with 86,700 employed last month, compared to 82,500 in July of last year.
The provincial rate declined last month , sitting at 6.1% compared to 6.6% recorded in July 2013.
Nationally the rate dipped as well, resting at 7%, down from the 7.2% recorded in the same month a year ago.
Comments
“the change is a reflection of an increase in the labour force, not in the number of jobs lost.”
Correct me if I’m wrong, but that sounds like a bunch of unemployed individuals moved to PG.
Don’t forget there are people like me who are not showing on any statistics as I am not on EI so they don’t know that I am looking for a job after spending a number of years out of the workforce to deal with family health and palliative care issues.
I am actively looking for a job that would utilize my knowledge, experience and skills and it is competitive in my market. I have had a few interviews and gotten close, but I have been actively marketing myself for 7 months and it is a good thing my hubby has a job that feeds us.
These posted unemployment rates are not accurate; they don’t tell the whole story.
Employers have lots of choice of potential employees which is clearly good for them. Sadly the common decency to let candidates know they are not successful has disappeared as many companies don’t even let you know they have chosen someone else. It is demoralizing to be a person looking for work in this city.
Don’t forget there are people like me who are not showing on any statistics as I am not on EI so they don’t know that I am looking for a job after spending a number of years out of the workforce to deal with family health and palliative care issues.
I am actively looking for a job that would utilize my knowledge, experience and skills and it is competitive in my market. I have had a few interviews and gotten close, but I have been actively marketing myself for 7 months and it is a good thing my hubby has a job that feeds us.
These posted unemployment rates are not accurate; they don’t tell the whole story.
Employers have lots of choice of potential employees which is clearly good for them. Sadly the common decency to let candidates know they are not successful has disappeared as many companies don’t even let you know they have chosen someone else. It is demoralizing to be a person looking for work in this city.
sorry – posted twice.
You are not alone Missing Poppa. My significant other has been looking for work for 16 months now, after her job of 18 years was dissolved.
She finds her biggest hurdle is age bias. Even though she is more than willing to work for much less than she used to, they look at her resume and think she is too expensive. She can only dumb-it-down to a point before it looks ridiculous.
Keep your chin up. Good things will happen eventually.
Comments for this article are closed.