Unemployment Slips in P.G.
Friday, March 13, 2015 @ 8:09 AM
Prince George, B.C. – Unemployment in Prince George dipped to 4.4% last month, down from 6.1% recorded in February of last year.
Statistics Canada;s Vincent Ferrao says the drop was mainly due to a decline in the workforce, as February saw 49,700 in the workforce, down from just over 53 thousand in the same month a year ago.
The Cariboo region saw its February unemployment rate settle in at 5.0%, down from 6.3% in February of last year.
B.C.’s rate dropped half a percentage point to 6.0% compared to 6.5% in February of 2014.
Nationally, the rate inched up to 6.8% from the 6.6% recorded in February of last year.,
Comments
that’s because EI ran out for alot of them ……now they are just on Social Assistance.
You can do anything with Numbers!
I just took a stats class at CNC and I do not trust any of these stats on employment. who are they counting? people on welfare and EI are unemployed so are students do they get counted, how can they tell if someone is looking for work? who gives them these numbers? the job bank? number are just that until you know exactly how they find them. and who is doing the counting is also important because of bias.
Anyone that is “actively” job searching is considered in the unemployment numbers.
Unemployment Rate occurs when people are without work.
The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases.
The participation rate is important in analyzing the unemployment rate. Those who have no interest in working are not included in the participation rate but are included in the unemployment rate. An aging population can have both a positive and negative effect on the participation rate, through retirement and new people entering the workforce. The participation rate and unemployment data should be observed in tandem to give a better understanding of the overall employment status.
Supply refers to employees, nowadays employers are looking for the skilled workers and that is the reason of extensive research needed prior to applying for the company. (research about the company, making resume, cover letter and preparing yourself for the interview.)
Demand refers to employers looking for qualified individuals suitable for the certain job position.
Self –employment is also necessary for economy to grow. Community Futures Development is involved with the self-employment process.
Attrition rate can be calculated by dividing number of employees who left the work for whichever reason with the number of employees who were employed in a year *100.
Attrition is the creation of job opportunities in the labour market due to the retirement or death of current workers.
The hidden job market refers to job vacancies filled informally due to the time and cost of advertising a job (e.g., posting a newspaper job ad). In the hidden job market, information about available work is often circulated through managers, employees and business associates,as well as through family, friends and acquaintances.
– See more at: http://www.workbc.ca/Statistics/Labour-Market/Labour-Market-Snapshots
I always get a kick out the clowns this site downtrodding EI and any recipients of it. Most people have paid into the EI system and never used it. Should be complaining about being taken by the government rather than complaining about the recipients. You can pretty much guarantee a good portion of recipients from the oil patch.
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