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Prince George unemployment rate down in May

In May 2018, Prince George’s unemployment rate was 4.6 per cent, a decrease of 1.3 per cent when compared to the same month in 2017 when it was 5.9 per cent, according to the city’s May economic update report. The unemployment rate of 4.6 per cent for Prince George was lower than both the provincial rate of 4.8 per cent and the national rate of 5.8 per cent.

Prince George’s employment rate in May 2018 was 71.1 per cent, an increase from the same month in May 2017 when it was 66.3 per cent, a 4.8 per cent positive change. The employment rate of 71.1 per cent for Prince George was substantially higher than Canada’s national rate of 61.5 per cent and British Columbia’s rate of 61.4 per cent. 
Total employment in the Cariboo Economic Development region was 84,100 during May 2018. This represents an increase of 700 jobs when compared to the previous month. The Cariboo region has added 4,800 jobs since January 2018 when total employment was 79,300. The construction industry had the greatest increase in May with an additional 1,100 jobs being added. Primary and secondary in the education industry added 500 jobs. Job numbers decreased by 700 in retail trade; another notable reduction was 400 jobs in the food services and drinking places category.

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