Unemployment Inched Up In P.G. In December.
Prince George, B.C., – The unemployment rate was sitting at 7.1% in Prince George in December, an increase of 0.9 percentage points over the same month a year ago when it was 6.2%.
“The change is not statistically significant” says Statistics Canada Labour Force Survey analyst Vincent Ferrao. “In terms of people working, there were 47,300 people working last month compared to 47,200 for the same month a year ago.”
For the Cariboo region ( which includes Prince George), the unemployment rate inched up to 7.4% last month. It was 7.2% in December 2015.
B.C. continues to be the job growth leader in the nation. The provincial unemployment rate is 5.8% for December , down from the 6.7% recorded in the same month a year ago. Ferrao says there were 72 thousand more people working in B.C. last month compared to December of 2015, a job growth rate of 3.1%. “The gains were in construction, wholesale retail, finance insurance real estate and leasing, and in the accommodation and food services sectors.”
Nationally the unemployment rate was sitting at 7.1%, up slightly from the 6.9% recoded in December a year ago.