Local unemployment rate falls again in November, says labour market planning board

December 26, 2019

The unemployment rate for the Stratford-Bruce Peninsula Economic Region decreased again in November, falling to 2.4 per cent, and continuing to occupy the lowest unemployment rate in the province, states a press release issued by the Four County Labour Market Planning Board.



Since January, 2001, this is only the third time that the unemployment rate for the region has fallen below three per cent. (In July, 2001, the unemployment rate was 2.8 per cent; and in July, 2017, it was 2.9 per cent).



Last month, the provincial unemployment rate saw a decrease of 0.5 percentage points to 4.9 per cent.



Overall employment in the region decreased by 400 with full-time losses (-1,000) offset by part-time gains (+600).



The number of goods-producing sector employees increased by 2,200 in the region. The greatest gains were in construction (+1,100) and utilities (+600). Employment in the services-producing sector decreased by 2,500. The greatest losses were in information, culture and recreation (-900) and other services, except public administration (-700).



“Now, more than ever, we need to implement creative solutions to grow our region's workforce,” says Gemma Mendez-Smith, executive director of the labour market planning board. “As the Stratford -Bruce Peninsula region continues to experience economic strength, the demand for workers is palpable.”

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