April Unemployment Rate Decreases to 3.5%


Walkerton, ON (May 10, 2024) – In April, the unemployment rate for the Stratford-Bruce Peninsula Economic Region decreased by 0.6 percentage points to 3.5%. This is the lowest the unemployment rate has dipped since November 2022. Meanwhile, the provincial unemployment rate increased by 0.1 percentage point to 6.7%, both unadjusted for seasonality.

In April, the Region’s overall population increased by +400, whereas the labour force size increased by +1,000 and the size of population not participating in the labour force decreased by +600.  Thus, the participation rate increased slightly by 0.2 percentage points to 60.2%. The Region also experienced an increase of approximately +2,000 in total employment size. The increase was a result of about +3,200 full-time employment gains and -1,200 part-time employment losses this month.

The number of Goods-producing sector employees increased minimally by 0.2% this month. Forestry, fishing, mining, quarrying, oil and gas experienced the biggest percentage gain (+200, +10.5%), followed by Construction (+700, +4.2%). However, Agriculture experienced another loss this month (-1,300, -10.8%).

Employment in the Services-producing sector increased by 1.9% this month.  With +800 employment increase, Transportation and warehousing experienced the biggest percentage gain this month (+16.0%), followed by Finance, insurance, real estate, rental and leasing (+400, +5.0%) and Educational services (+300, +4.0%). On the other hand, Professional, scientific and technical services experienced the biggest percentage loss this month (-300, -4.3%), followed by Information, culture and recreation (-100, -2.7%) and Accommodation and food services (-100, -1.3%).

Current job postings for the Bruce, Grey, Huron, Perth region have increased overtime since the pandemic and can be found at www.connect2JOBS.ca.  The current number of job postings exceed 2,400.






Note: Statistics Canada’s monthly Labour Force Survey provides estimates of employment and unemployment, based on a sampling of households in communities. Stratford-Bruce Peninsula figures represent a three-month moving average, unadjusted for seasonality. Numbers may not sum to total due to rounding.