Jobless rate static, but labour force shrinking
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PRINCE GEORGE – The Province is hailing the jobs numbers as some of the best in the country, in terms of post-pandemic recovery. It says it has put 92-thousand more people to work than were in the workforce two years ago. Locally, at 3.8 percent, Prince George’s jobless rate in May remained the same as the month before. But what is different is the participation rate. That’s the number of people looking for work.
“So the participation is lower and that’s due to the fact that our population in Prince George has grown from last April by about 1,700 people,” explains Micaela Roque with KPMG. “We’re at 82,500 now. Which is great, but the labour force has grown at a slower rate. So we only grew by about 600 people from last April into the labour force.”
It means the local workforce is shrinking.
