P.G. Unemployment Hit 7.9% Last Month
Prince George, B.C. – There were 4,000 people unemployed last month in Prince George, up from 2,900 unemployed in February of 2016.The unemployment rate in Prince George was 7.9% in February compared to 5.8% in the same month a year ago.
Labour analyst Vincent Ferrao with Statistics Canada says a combination of a larger work force ( 50,600 compared to 49,700 of a year ago) and declines in food services and manufacturing last month in Prince George are behind the increase in the rate.
For the Cariboo region, which includes Prince George, the unemployment rate last month was 9.7%, up from 7.4% in February of 2016.
Provincially, B.C.’s rate was 5.1%, the lowest among all provinces, and the lowest it has been since October of 2008. In February of last year, the unemployment rate was 6.5%.
Nationally, the rate was 6.6%, down from 7.2% in the same month a year ago. That 6.6% matched the rate of January 2015 and is the lowest mark since October of 2008.