Unemployment Rate Rises Slightly Year Over Year in Prince George
Prince George, B.C. – Prince George’s unemployment rate rose slightly year over year in April.
Vincent Ferrao, labour analyst with Stats Can, says it hit 6.3 per cent last month compared to 4.7 per cent a year ago. He attributes the rise to more people entering the workforce.
“We had 47,500 people working this April – it’s not much of a change compared to a year ago when there were 46,700 people working,” he says.
“Most of that increase was in full-time work and there was just a slight increase in unemployment.”
Looking at the Cariboo region, he says the unemployment rate hit 8.9 per cent in April – up from 5.6 per cent in April 2016.
“About 79,900 people were working (last month). A year ago, there were 77,600. So, it’s up about 2,300. Again, this labour force grew faster, increasing the unemployment rate.”
Provincially, Ferrao says 80,000 jobs were created – 63,000 of those full-time – dropping the overall unemployment rate to 5.5 per cent last month from 5.8 per cent a year ago.
He adds B.C. no longer has the lowest unemployment rate in the country – that honour now goes to Manitoba – whose unemployment dropped to 5.4 per cent.
And nationally, Ferrao says 276,000 jobs were created – an increase of 1.5 per cent – which dropped the unemployment to 6.5 per cent from 7.1 per cent a year earlier.