Saturday, May 21, 2022

February Unemployment Rate Remains Unchanged At 4.6%

In February, the unemployment rate for the Stratford-Bruce Peninsula Economic Region remained unchanged at 4.6%, the second lowest in Ontario.

Similarly, the provincial unemployment rate remained the same as last month at 6.1%, both
unadjusted for seasonality.

Overall net employment in the region increased by 700, with full-time losses (-500) and part-
time gains (+1,200).

The number of Goods-producing sector employees increased by net 700. The main driving force came from gains in Agriculture (+700) and Construction (+900) even though Manufacturing experienced another month of losses (-1,200).

Employment in the Services-producing sector remained unchanged. However, Health care and social assistance continued experiencing losses (-2,000). The gains in Wholesale and retail trade (+1,600) and other sectors exactly offset the losses, which resulted in zero net gains.

We continue to develop ways to help job seekers gain the skills employers need to fill
vacancies locally,” said Gemma Mendez-Smith, Executive Director of the Four County
Labour Market Planning Board.

Current job postings for the Bruce, Grey, Huron, Perth region have increased over time 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. The current number of job postings exceeds 3,000.

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