Unemployment rate in Northeastern B.C. is 4.4%

Northeast B.C.’s unemployment rate in September 2012 was 4.4, up from 3.7 per cent in January.
In September 2012, the unemployment rate in BC is 6.8% and 4.7% in Alberta.
In September 2011 the unemployment rate in BC was 7.3% and 5.8% in Alberta.
Labour Force
The unemployment rate in B.C. crept up 0.3 percentage points from August to 7.0% (seasonally adjusted). However, this was primarily driven by the labour force (+15,100) expanding faster than jobs (+5,700). Compared to the same time last year, employment in B.C. was up by 29,500 jobs (+1.3%). This was well above the national average of 1.0%.
All of the employment gains seen in September were in self-employment (+11,700), while the majority of the employment losses were among private sector employees (-5,700). All gains in employment were in full-time employment (+11,900).
The unemployment rate in B.C. was the 4th lowest in Canada after Alberta (4.4%), Saskatchewan (4.7%), and Manitoba (5.0%). Amongst these provinces growth in employment has been fastest over the last 12 months in Saskatchewan (2.0%), followed by Alberta (1.8%), Manitoba (1.6%), and B.C. (1.3%).
At the national level, the unemployment rate rose 0.1 percentage points to 7.4% in September as more people were participating in the labour force.  Employment rose in Ontario, Québec and Manitoba, and fell in Saskatchewan. There was little change in the other provinces.
Data Source: Statistics Canada
The goods-producing sector was up 13,200 (seasonally adjusted) jobs in September: construction, utilities, forestry, fishing, mining, quarrying, oil and gas posted job gains.
Since this time last year, the goods-producing sector has posted job gains of 5,900 (+1.3%).
Employment on the service-producing side declined by 7,400 jobs. Gains were seen in accommodation and food services and information, culture and recreation, but these were not enough to offset the losses in finance, insurance, real estate and leasing, other services and health care and social assistance.
Data Source: Statistics Canada
Workers in the province earned an average wage of $23.59 per hour in September, just below the national wage rate ($23.84). Weekly wages in BC ($858.69) were also lower than the Canadian average ($876.66). Older workers in the province earn slightly more, on average, than those in other parts of the country.
Data Source: Statistics Canada – BC Stats Infoline

Follow

Comments

comments