Northeast B.C. unemployment holds at 6.2%

Unemployment in Northeast B.C. remained unchanged in October at 6.2%.

In a labour force of 41,900, there were 39,200 employed and 2,600 unemployed, according to the latest estimates released by Statistics Canada on Friday, Nov. 8.

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Unemployment in the region was recorded at 6.2% in September, with 2,600 unemployed.

Year-over-year, the unemployment rate is up from October 2018, when it sat at 4.3%, and when 1,800 were unemployed in a labour force of 41,600.

Employment in British Columbia rose by 15,000 in October, driven by increases in full-time work for those aged 55 and over, Statistic Canada reported.

The province saw notable losses in health care and social assistance (-15,200 jobs), manufacturing (-8,300 jobs), natural resources (-9,800 jobs) and construction (-4,400 jobs).

Gains came from wholesale and retail trade (+29,000 jobs), real estate- and finance-related positions (+10,700 jobs), as well as educational services (+15,300 jobs).

The gains helped push the unemployment rate down 0.1% to 4.7% — taking back the country’s lowest unemployment rate from Quebec.

Nationally, unemployment remained unchanged at 5.5%. Year over year, Canada has seen employment grow by 443,000 or 2.4%, Statistics Canada reported. 

Unemployment rates in B.C.:

Cariboo - 6.9
Northeast - 6.2
Kootenay - 5.6
Lower Mainland Southwest - 5.0
Thompson-Okanagan - 4.6
North Coast and Nechako - 4.4
Vancouver Island and Coast - 4.3 

With a report from Business in Vancouver

Email Managing Editor Matt Preprost at editor@ahnfsj.ca.

© Copyright Alaska Highway News

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