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Unemployment in PG. at 12%

By 250 News

Friday, September 04, 2009 09:26 AM

Prince George, B.C.-The number of unemployed in Prince George was 12% in August, up three percentage points from the same month a year ago.
 
In the Cariboo region, the rate for the same period was 13.3%   in August, compared  to  7.2% for August of 2008.
 
Provincially,   there was no change with the rate at 7.2% and the national rate inched up to 8.7% up from 8.6%.

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Comments

Thats compared to a year ago. Not the bext way to compare at this time since the financial melt down happened in october. What about comparing it to last month?
June 11.3

Just to put that into a bit of a perspective, the unemployment rate at the time of the 2001 census was 11.4% and in 2006 was 7.6%

The figure of 12% has not been abnormal for this community on a cyclical basis since 1981 or so.

Given what has happened with the lumber industry, which has never happened to the extent that it has, and the general recession in much of the world, the 12% figure sound not bad at all.

And before others jump in and say that many have simply dropped out of the number crunching exercise, that would have been the same in the past. I think we are still comparing apples to apples unless someone can describe in detail why that would not be the case.
At least if you have a trade, you know what kind of job yer out of.
Our unemployment is based on the decline of export trade, after the US financial crisis. Unfortunately, US unemployment continues to increase, and now approaches 10%.

I am prepared to bite the bullet on Tar Sands oil sales to China, through Prince Rupert. We really need to diversify, even if that means environmental costs.