JUNE UNEMPLOYMENT RATE DECREASES TO 4.5%
Walkerton, ON (July 7, 2023) – In June, the unemployment rate for the Stratford-Bruce Peninsula Economic Region decreased by 1.4 percentage points to 4.5%. The provincial unemployment rate increased slightly by 0.1 percentage points to 5.5%, both unadjusted for seasonality.
The region’s labour force size decreased from 167,000 people in May to 164,600 people in June 2023. The size of population not participating in the labour force increased by 2,800, bringing the participation rate down by 0.9 % to 60.6%. Meanwhile, while overall employment size in the region remained the same in June, 400 full-time losses and 400 part-time gains were reported last month.
The number of Goods-producing sector employees decreased this month by net 500 (-0.8%). With a loss of 1,000 employees, Utilities experienced the greatest loss this month (-14.7%), followed by Agriculture (-800, -5.5%) and Manufacturing (-600, -2.7%) . Construction is the only Goods-producing sector that experienced gain this month (+1,300, +6.1%).
Employment in the Services-producing sector increased by net 500 (+0.5%). With an increase of 1,700 employees, Other services (except public administration) experienced the greatest gain this month (+38.6%), followed by Accommodation and food services (+1,600, +32.0%) and Information, culture and recreation (+700, +23.3%). On the other hand, Transportation and Warehousing (-600, -15.0%) experienced the biggest loss this month (-800, -23.5%), followed by Educational services (-1,300, -13.0%) and Health care and social assistance (-1,900, -9.7%).
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 reached over 2,500 postings.
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.