Unemployment Rate Drops in Prince George
Prince George, B.C. – Encouraging news on the unemployment numbers for Prince George for June.
Last month there were more people working in the City , with 47,900 people on the job, compared to 46,800 in the same month a year ago.
That slight increase helped reduce the unemployment rate to 5.9%, down from the 7.7% recorded in June of 2016.
As for the Cariboo region ( which includes prince George), the unemployment rate was sitting at 6.9% last month compared to 7.8% in June of last year.
Stats Canada Labour analyst Vincent Ferrao says the decrease was largely due to increased employment in the service sector.
As for B.C., it is once again leading the country with the lowest unemployment rate among all provinces. The rate dropped to 5.1% last month, compared to 5.9% in June of 2016.
Nationally, the rate is sitting at 6.5%, down from the 6.8% recorded in the same month a year ago.