Prince George's unemployment rate down year-over-year

Mae Love
February 10, 2019

Following a quieter month in December, volatility returned, with the Labour Force Survey suggesting 67,000 jobs were created in January.

Total hours worked are up 1.2 per cent over the same period, according to StatsCan, compared to 0.9 per cent in December.

The average year-over-year wage growth of permanent employees - a figure closely watched by the central bank - was 1.8 percent in January, up slightly from 1.5 percent in December.

The significance is that had people not left the labour force in the numbers they did, our jobless rate would now be significantly higher.

The statistics show that Camrose-Drumheller has the highest unemployment rate of all the economic regions in the province. Employment in the accommodations and food services sector grew by 5,600 jobs, and transport and warehousing employment grew by 6,400 jobs. Stephen from 7.1 to 6.5, Fredericton-Oromocto from 7.9 to 7.7 and Edmundston-Woodstock from 7.4 to 7.3.

Some of the major industry leaders in Alberta, as far as employment goes, include forestry, fishing, mining, oil and gas, as well as construction, manufacturing, the trades, health care and social assistance.

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According to numbers released by Statistics Canada today (Feb. 8), the unemployment rate increased in Prince George to six per cent, which is up from 5.8 in December. Increases were also recorded in Quebec, Nova Scotia, Newfoundland and Labrador, Manitoba and New Brunswick.

Stats Canada reports the economy created 66,800 net new jobs last month.

Kelowna boasts the province's lowest unemployment rate, dipping two ticks last month to 3.1 per cent. The number of self-employed workers fell by 61,000 last month.

Last week, Bank of Canada senior deputy governor Carolyn Wilkins said the country has been in a "puzzling" stretch of weak wage growth at a time when the job market has been experiencing one of its biggest labour shortages in years. For women 25 and over, the rate was 4.6%.

The nation-wide data can be viewed through Statistics Canada's website.

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