June Unemployment Rate Increases to 4%

By July 8, 2022 November 2nd, 2022 News, News Releases 2022

Walkerton, ON (July 8, 2022) – In June, the unemployment rate for the Stratford-Bruce Peninsula Economic Region increased by 0.4 percentage points to 4%, now the second lowest in Ontario. The provincial unemployment rate decreased by 0.2 percentage points to 5.4%, both unadjusted for seasonality.

Overall net employment in the region increased by 2,700, with full-time gains (+4,000) and part-time losses (-1,200).

The number of Goods-producing sector employees increased by net 600. The main driving force came from gains in Utilities (+900) and Construction (+800). Manufacturing experienced the biggest loss (-1,000).

Employment in the Services-producing sector increased by net 2,100. Wholesale and retail trade and Professional, scientific and technical services both experienced gains of 1,200 whereas Transportation and warehousing experienced the biggest loss (-1,000).

“Positive signs are showing with a decrease of job vacancies and a steady increase of full-time employment. However, the Manufacturing, Transportation and Warehousing industries continue to struggle to fill positions. The collection and analysis of local data for the Stratford-Bruce Peninsula Economic Region will be critical to exposing the unique challenges and opportunities within our local labour market, “says Dana Soucie, Executive Director for the Four County Labour Market Planning Board.

Current job postings for the Bruce, Grey, Huron, Perth region have increased overtime since the pandemic and can be found at: www.connect2JOBS.ca. This is updated regularly so visit often and create your account to track the job opportunities. Our current number of job postings currently exceeds 2,600.

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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.