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Friday, August 9, 2019

Unemployment Rises in Region

Grey Bruce | by Matt Hermiz  

Local economy still adds 2,000 jobs despite higher overall jobless rate.

Unemployment for the economic region that includes Grey and Bruce counties increased last month.

The Four County Labour Market Planning Board says the jobless rate hit 3.8 per cent in July, up 0.4 points from June.

The provincial unemployment rate ticked slightly higher last month to 5.7 per cent.  Nationally, it also rose to 5.7 per cent as the country shaved over 24,000 jobs.

In the Stratford-Bruce Peninsula Economic Region, the Labour Market Planning Board says the economy actually added 2,000 jobs in June -- with 1,100 of those being full-time positions. The higher unemployment rate in spite of job gains comes due to variable factors such as an overall larger labour force last month.

In the goods-producing sector, 2,100 jobs were shaved with the greatest losses in agriculture, utilities and construction.

Services-sector jobs increased by 4,100, with the greatest gains in healthcare and social assistance, business and building/support services.

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