Unemployment Slips in Prince George
Prince George, B.C. August saw a decline in the unemployment rate in Prince George.
Last month, the rate was 5.9%, compared to 6.6% in August of last year. There were 49,200 people working in Prince George in August, compared to 48,000 a year ago. The increase is “not statistically significant” says Statistics Canada Analyst Vincent Ferrao.
In the Cariboo region, which includes Prince George, the unemployment rate slipped to 6.5% from the 7.7 recorded in August of 2016. There were 82,800 people in the region working last month, with gains sin the healthcare and social services sector accounting for most of the 3,000 employment gains recorded over the same month a year ago.
Provincially, the unemployment rate was 5.1% last month, compared to 5.5% in August of last year. The number of people working last month was up by 3.9%
Nationally the rate dropped by nearly a full percentage point to 6.2% compared to the 7% reported in the same month a year ago.