Kootenay unemployment rate falls to 3.8%

The jobless rate in our area is now below four per cent.

Statistics Canada says there were 83,300 people working in the Kootenays last month and 3,300 looking for work, for a rate of 3.8 per cent.

In the same month of 2021, there were 83,700 and 5,000 looking for a rate of 5.6 per cent.

The population is believed to have increased in that time from 138,300 to 140,700.

Nationally, the unemployment rate fell to a new record low of 4.9 per cent in June as fewer people searched for work. It was the fourth straight month that a new record low was set.

However, employment fell by 43,000. It was the first time since January that fewer people were working. Stats Can says the loss was almost entirely due to a decrease among workers aged 55 and older.

They say a decline in the services-producing sector, particularly in retail trade, was offset by gains in manufacturing.

Self-employment declined, while the number of employees in both the public and the private sectors held steady, they added.

Continue Reading

cjat Now playing play

ckqr Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

First Nations leaders setbacks in reconciliation should spur reflection this Canada Day

Canada Day this year comes amid a surge in national pride among Canadians, however, First Nations leaders across the province say Canada Day should also be an opportunity to reflect on the country’s colonial history.

B.C. weighs stripping tenant protections from supportive housing residents

A new working group is exploring the possibility of removing supportive housing from British Columbia’s Residential Tenancy Act in an effort to address safety concerns at the facilities.

Commercial logging isn’t happening in BC parks; says B.C. Minister

When it comes to commercial logging, BC parks are off-limits.

B.C. receives improved rating on interprovincial trade: CFIB

The Canadian Federation of Independent Business has praised British Columbia on making strides toward removing interprovincial trade barriers over the last year, but claims there’s still more work to be done. 

Majority of British Columbians optimistic about Canada’s future: poll

A new poll finds Canadian pride is surging as the country prepares to mark its 158th birthday on Tuesday.
- Advertisement -