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Friday, January 10, 2020

Unemployment Rate in Region Rises Slightly, Remains Lowest in Ontario

Grey Bruce | by Bayshore News Staff  

Stratford-Bruce Peninsula economic region jobless rate hits 2.7%.

The unemployment rate in the economic region that includes Grey and Bruce counties ticked up slightly in December, but remains the lowest in Ontario.

The Four County Labour Market Planning Board says the jobless rate in the Stratford-Bruce Peninsula economic region hit 2.7 per cent last month, up 0.3 percentage points compared to November 2019.

"With continually low unemployment and employers reporting hard-to-fill positions across all sectors in our region, it is imperative that we address workforce shortages by continuing to invest in both retention and attraction strategies," says Four County Labour Market Planning Board executive director Gemma Mendez-Smith.

Overall, the regional economy in the area that includes Grey Bruce shaved 1,900 full-time positions and 1,200 part-time jobs last month.

The Four County Labour Market Planning Board says the greatest job gains last month were in construction, while losses were led by the wholesale/retail trade, business support services, educational services and manufacturing sectors.

Ontario's unemployment rate fell slightly to 4.8 per cent in December, while nationally it ticked lower to 5.6 per cent.

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