The city has released its month economic update:
In August 2017, Prince George’s unemployment rate was 5.9 per cent, a decrease of 0.7 per cent when compared to the same month in 2016 when it was 6.6 per cent. The unemployment rate was higher than the provincial rate of 5.1 per cent but lower than the national rate of 6.2 per cent.
Prince George’s employment rate in August 2017 was 68.0 per cent, an increase from the same month last year when it was 66.5 per cent. The employment rate was higher than the national rate of 61.6 per cent and B.C.’s 62.2 per cent.
Total employment in the Cariboo Economic Development region was 82,800 for August 2017. This represented a net increase of 400 jobs when compared to the previous month. Wood Product Manufacturing saw the highest increase, with the addition of 900 jobs. The highest decrease in jobs occurred in Accommodation and Food Services, with a decrease of 300 jobs.
Two newly constructed single detached houses were sold in Prince George in August 2017. CMHC has suppressed the average sale price due to insufficient data and privacy concerns. This is in comparison to five newly constructed single detached houses sold in August 2016 at an average price of $472,981. Overall, there were 13 new units (Single, Semi-Detached, Row, Apartment) sold in August 2017 while nine were sold in August 2016.