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Prince George unemployment rate drops in August

In August 2018, Prince George’s unemployment rate was 4.4 per cent, a decrease of 1.5 per cent compared to the same month in 2017 when it was 5.9 per cent, according to the city’s economic update.

The unemployment rate of 4.4 per cent for Prince George was lower than both the provincial rate of 5.3 per cent and the national rate of 6.0 per cent.

Prince George’s employment rate in August 2018 was 69.3 per cent, an increase from the same month in August 2017 when it was 68.0 per cent which represents a 1.3 per cent positive change. The employment rate of 69.3 per cent for Prince George was substantially higher than British Columbia’s provincial rate of 61.4 per cent and Canada’s national rate of 61.4 per cent.  
 
Total employment in the Cariboo Economic Development region was 83,400 during August 2018. This represents a decrease of 600 jobs when compared to the previous month. The Cariboo region has added 4,100 jobs since January 2018 when total employment was 79,300. The paper manufacturing category had the highest increase in August with an additional 500 jobs being added and public administration added 400 jobs. Job numbers decreased by 600 in primary and secondary education while the retail trade category decreased by 600 jobs.

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