August 2016 – Local Unemployment Rate Well Below Provincial Rate
Walkerton (August 5, 2016) – The unemployment rate of 4.2% in the Stratford-Bruce Peninsula economic region for July remains well below the provincial unemployment rate of 6.5%. The local unemployment rate has been dropping steadily since March 2016 when it was at 6.3%, the second highest rate in the past year.
Employment gains (+3,300) in the local economic region were exclusively in full-time (+4,900), off-set by a loss of -1,600 in part-time.
Employment inclined in both the Goods-producing (+1,300) and Service-producing sectors (+1,900). Most growth in Goods-producing were in Manufacturing (+1,900) and Agriculture (+900), with only Utilities reporting losses of -1,400. Information, Culture and recreation (+1,200) and Wholesale and retail trade (+1,000) led growth in Service-producing, with most of the losses reported in Educational Services (-1,200) and Health care and social assistance (-700).
The Four County Labour Market Planning Board’s (FCLMPB) second quarter Hiring Trends Report shows there were 2,226 jobs posted in Bruce, Grey, Huron and Perth counties between April 1st and June 30th 2016. Grey County saw the most jobs postings with 808, followed by Perth at 714, Bruce at 402 and Huron with 228. The highest job postings were in Sales and Service, Other, Management and Trades transport and equipment operators and related occupations.
The Hiring Trends Report provides a summary of the online jobs demand in the four counties and is available on the FCLMPB website http://www.planningboard.ca/reports/hiring-trends-report/.
Following labour market events is key to helping job seekers understand where the opportunities (short, medium, long term) might be in the region’s local communities. These local and regional labour market events and announcements can complement your job search and career exploration.
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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.