What Is the Unemployment Rate In This Area
By Ben Meisner
A 13.6% unemployment rate reported, a working population that has seen its benefits expire (and for all intents and purpose are no longer on the unemployed lists) suggest that the economic woes of this region are far from over.
If you factor in let’s say a figure of 6% for those people who have dropped off the radar in the job market and you quickly have a realistic unemployment rate of around one in five workers.
Strangely enough there doesn’t seem to be that kind of unemployment in the community and do eight of ten people working in the region create enough trade and commerce to offset this figure?
In a recent interview, Helmut Pastrick, Economist with the BC Central Credit Union pointed out that we as a society are living with much more debt than previous generations. Where in the past it was not socially acceptable to carry a lot of debt, that world has changed.
Is that in part why we seem to be moving along without what appears to be serious concern on the horizon? Or is it that the economy of Northern BC no longer relies on forestry and the spin off jobs that it brings with it? An unemployment rate of 20% should bring with it serious concerns, and it hasn’t.
I’m Meisner and that’s one man’s’ opinion.
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We have corrected the errors.
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