Unemployment Up In P.G. Last Month
Prince George, B.C.- The unemployment rate in prince George was 8.1 % last month, up from 6.4% recorded in January of last year, but Stats Canada says it’s nothing to be concerned about.
“The difference is not statistically significant” says Stats Canada Labour Force Analyst Vincent Ferrao who says the workforce in Prince George grew by 200 people to 46,700 last month compared to 46,500 in January of 2016.
For the Cariboo Region, unemployment rate is sitting at 8.8% compared to 7.9% from the same month a year ago. Again, Ferrao says the change is not statistically significant.
Once again B.C. leads the nation when it comes to job growth. The unemployment rate was sitting at 5.6% last month, down from 6.6% in January of last year. Ferrao says B.C. has grown by 82,000 jobs over the year, that’s a 3.5% job growth rate, the highest in the country.
As for the National scene, the unemployment rate is sitting at 6.8% for January, down slightly from the 7.2% recorded in January of 2016. Job growth was pegged at 1.5%