Walkerton, ON (December 2, 2022) – In November, the unemployment rate for the Stratford-Bruce Peninsula Economic Region increased by 0.4 percentage points to 2.7%, once again the lowest in Ontario for the fourth consecutive month. Alternatively, the provincial unemployment rate decreased by 0.5 percentage points to 5.1%, both unadjusted for seasonality.
Overall net employment in the region decreased by 4,400, with 6,000 full-time losses and 1,600 part-time gains. The region’s labour force size decreased from 169,800 people in October 2022 to 165,900 in November 2022.
The number of Goods-producing sector employees decreased again this month by net 3,000. The Construction sector once again experienced the biggest loss this month (-2,500). Manufacturing and Utilities also experienced losses (-700) and (-500) respectively. Agriculture experienced a gain (+800).
Employment in the Services-producing sector decreased by net 1,500. While Educational services experienced the largest gain (+2,600) it was not enough to offset the losses in Health care and social assistance (-2,000) and Wholesale and retail trade (-1,600).
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
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.