Local Jobless Rate in Double Digits
By 250 News
Prince George, B.C. - The unemployment picture in Prince George and the surrounding area remains poor.
According to the Canada Labour Force Survey, the June jobless rate in Prince George was 11.3%. One year ago, the unemployment rate in the city was 7.6%.
Analyst Vincent Ferro says employment is down as well. There were approximately 44,000 people employed in the city last month, compared to 46,000 in June, 2008.
The regional outlook isn't any better. Nearly 9,000 jobs have been lost in the Cariboo region since June, 2008. Last month, there were 75-thousand people working and an unemployment rate of 13.5%, nearly double the rate of 7% seen in June, 2008.
Ferro says most of the region's employment decline over the last 12 months was in the service sector, with retail and wholesale hit hard.
Statistics Canada says the national unemployment rate edged up 8.6% as more people looked for work. Total net job losses over the last three months reached 13,000, much smaller than the 273, 000 jobs lost during the first three months of 2009.
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Beware politicians spewing up-beat rhetoric about how things are improving.
Hopefully,better days are coming..and sooner than later!
Hang in there!