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Friday, February 7, 2020

Unemployment Rises in Grey Bruce

Owen Sound | by Matt Hermiz  

Regional economy shaves over 2,000 part-time jobs in January, adds 400 full-time.

The unemployment rate in the economic region that includes Grey and Bruce counties rose in January.

The Four County Labour Market Planning Board says the jobless rate for the Stratford-Bruce Peninsula region rose by 1.4 percentage points last month, to 4.1 per cent.

Overall, the regional economy shaved 1,600 jobs. However, there were actually gains of 400 full-time positions. Over 2,000 part-time jobs were lost.

“Although the unemployment rate has gone up in the past month, our region continues to have extremely low unemployment. With a vibrant economy, this can cause challenges for business owners with vacancies to fill,” says Gemma Mendez-Smith, Executive Director of the Four County Labour Market Planning Board in a release.

The planning board says the greatest gains came in the construction and manufacturing sectors, which added 2,200 and 500 jobs respectively.

Losses were led by the healthcare and social assistance, wholesale and retail trade and business/support services industries.

Nationally, the unemployment rate fell to 5.5 per cent in January. In Ontario, it also fell slightly to 5.2 per cent.

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