Northeast B.C. unemployment drops to 4.3% in October

The unemployment rate in Northeast B.C. fell more than a percentage point in October.

There were an estimated 39,800 employed in the region, according to data released Friday.

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Year-over-year the unemployment rate is down from October 2017 when it sat at 6%, when 37,800 people were employed.

Unemployment in the region was recorded at 5.6% in September.

B.C. shed 1,100 jobs compared with the previous month. The unemployment rate, however, fell one tick to 4.1% as fewer people sought work.

According to BC Stats, the province saw job gains month over month in fishing, mining, quarrying, oil and gas, up 1,900 jobs; and utilities work, up 200 jobs.

The province saw job losses in agriculture, down 1,100 jobs; manufacturing, down 2,300 jobs; and construction, down 300 jobs. 

B.C.’s unemployment rate is the lowest in the country, followed by Quebec at 5.2%.

Canada added 11,200 jobs in October compared with the 63,300 jobs added a month prior.

Unemployment rates in B.C., October 2018

Kootenays - 6.2

Thompson-Okanagan - 5.5

Cariboo - 4.7

North Coast and Nechako - 4.7

Vancouver Island and Coast - 4.5

Northeast - 4.3

Lower Mainland Southwest - 4.2

— with files from Business in Vancouver

© Copyright 2018 Alaska Highway News

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