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Cariboo region sheds 2,800 jobs in November

In November 2018, Prince George’s unemployment rate was 5.2 per cent, a decrease of 0.1 per cent compared to the same month in 2017 when it was 5.3 per cent, according to the city’s economic update for November.

The unemployment rate of 5.2 per cent for Prince George was higher than the provincial rate of 4.4 per cent but lower than the national rate of 5.6 per cent.

Prince George’s employment rate in November 2018 was 63.3 per cent, a decrease of 5.4 per cent from the same month in November 2017 when it was 68.7 per cent. The employment rate of 63.3 per cent for Prince George was higher than British Columbia’s provincial rate of 62.4 per cent and Canada’s national rate of 61.7 per cent.  
Total employment in the Cariboo Economic Development region was 75,900 during November 2018. This represents a decrease of 2,800 jobs when compared to the previous month. The Cariboo region job numbers have reduced by 3,400 since January 2018 when total employment was 79,300. The transportation sector had the highest increase in November with an additional 600 jobs being added. The mining and oil and gas and social assistance sectors decreased by 1,600 jobs. 
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