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Sunday, March 8, 2020

Unemployment Rises in Region

Grey Bruce | by Matt Hermiz  

Jobless rate hits 4.9 per cent in area that includes Grey Bruce.


The unemployment rate in the economic region that includes Grey and Bruce counties jumped higher in February.

The Four County Labour Market Planning Board says the jobless rate for the Stratford-Bruce Peninsula region rose by 0.8 percentage points last month, to 4.9 per cent.

In a statement, Four County Labour Market Planning Board Executive Director Gemma Mendez-Smith says "this is similar to what we observed last year at this time and does not point to any shifts in our annual unemployment rate."

The regional economy actually added 200 full-time positions in February, but shaved over 1,800 part-time jobs.

The labour market planning board says the greatest job gains last month came in the construction and manufacturing sectors, while agriculture, utilities, accommodation/food services and wholesale/retail trade led losses.

Nationally, the unemployment rate ticked higher to 5.6 per cent in February. In Ontario, it rose to 5.5 per cent.
 

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