June Unemployment Rate Decreases to 2.4%


Walkerton, ON (July 5, 2024) – In June, the unemployment rate for the Stratford-Bruce Peninsula Economic Region continued to decrease by 0.6 percentage points to 2.4%. This is the lowest the unemployment rate has dipped since November 2019. Meanwhile, the provincial unemployment rate remained unchanged at 6.9%, both unadjusted for seasonality.

The Region’s overall population increased by +400 in June whereas the labour force size increased marginally by +100, resulting in the size of population not participating in the labour force to increase by +300. The participation rate remained unchanged from last month at 59.8%. The Region experienced an increase of approximately +1,200 in total employment size, with +2,600 full-time employment gains and -1,400 part-time employment losses.

The number of Goods-producing sector employees decreased marginally by 0.9% (-500) this month. Forestry, fishing, mining, quarrying, oil and gas experienced the biggest percentage loss this month (-400, -17.4%), followed by Manufacturing (-900, -4.3%) and Construction (-300, -1.7%). On the other hand, Utilities experienced the biggest percentage gain (+700, +10.0%), followed by Agriculture (+500, +5.4%).

Employment in the Services-producing sector increased by 1.6% (+1,600) this month.  With +1,600 employment increase, Professional, scientific and technical services experienced the biggest percentage gain this month (+21.1%), followed by Accommodation and food services (+1,000, +12.0%) and Finance, insurance, real estate, rental and leasing (+1,100, +11.5%). However, Business, building and other support services (-700,-11.3%) experienced the biggest percentage loss this month, followed by Educational services (-500, -6.9%) and Health care and social assistance (-1,200, -5.4%).

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 reaches 2,542.




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.