Unemployment numbers still low
PRINCE GEORGE – The numbers across BC, Prince George and the country, for that matter, show virtual full employment.
Last May, the local unemployment number was 6.1 percent. That dropped to 4.4 percent this past May. According to StatsCan, there were 52,600 people in the workforce in 2021 and 54,200 people last May. The participation rate dropped to 68.6 percent, meaning there are fewer people knocking on doors. It’s become a buyer’s market, so to speak, for workers.
“What we’ve been in for a number of months is a period of extended low unemployment,” explains Corey Naphtali, Partner with KPMG. “It really is a buyers market. Those who are looking for jobs are going to find jobs with really no problem. And it’s not just a Prince George phenomenon. It’s across the country.”
