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Friday, March 11, 2016

Unemployment Rate Drops Locally

Regional | by Kevin Bernard  

Four County Labour Market Planning Board says jobless rate fell to 5.6 per cent.

Canada's unemployment rate inched up in February to 7.3 per cent -- the highest level in three years -- but the unemployment rate in Bruce, Grey, Huron and Perth Counties fell.

The 0.1 per cent increase nationally marked the third month in a row that the jobless rate rose, while the level of unemployment in the Stratford through the Bruce Peninsula area fell 0.1 per cent to 5.6 per cent.

Figures released by the Four County Labour Market Planning Board show a net gain of 500 jobs in both full-time and part-time positions between January and February.

Officials say the upward trend in full-time employment since November 2015 is an encouraging sign.

Employment in the hoods-producing sector declined in February, with 600 job losses in the construction and 16 hundred manufacturing industry jobs.

Employment in the services-producing Sector increased, with the highest gains, up 12 hundred in educational services and health care and social assistance.

Meanwhile, more than 2,000 summer opportunities are available throughout the province in programs like: Stewardship Youth Ranger, Summer Employment, Aboriginal Youth Work Exchange, First Nations Natural Resources Youth Employment and Ministry of Natural Resources and Forestry Internships.




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