Home Shoreline News Unemployment rate droped 0.2 percent in Stratford-Bruce Peninsula Economic Region Last Month

Unemployment rate droped 0.2 percent in Stratford-Bruce Peninsula Economic Region Last Month

The biggest losses for February were in manufacturing which lost 1,600 followed by Construction at 100 positions.

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The Unemployment Rate increased slightly last month for the Stratford-Bruce Peninsula Economic region inching up 0.2 percent to 4.6% in February.

The Provincial unemployment rate remained unchanged at 5%, both unadjusted for seasonality.

Overall net employment decreased by 1,700 with 2,100 full-time losses and 400 part-time gains. The region’s labour force decreased from 162,300 to 160,700.

The biggest losses for February were in manufacturing which lost 1,600 followed by Construction at 100 positions.