Updated
Updated · themeafordindependent.ca · Jul 13
Stratford-Bruce Peninsula Unemployment Falls to 5.6% as Labour Force Shrinks by 500
Updated
Updated · themeafordindependent.ca · Jul 13

Stratford-Bruce Peninsula Unemployment Falls to 5.6% as Labour Force Shrinks by 500

1 articles · Updated · themeafordindependent.ca · Jul 13

Summary

  • June joblessness in the Stratford-Bruce Peninsula region fell 0.3 percentage points to 5.6%, the second-lowest rate in Ontario, while total employment held at 168,200.
  • A 500-person drop in the labour force and a 900-person rise in people outside it pushed the participation rate down 0.3 points to 60.1%, helping drive the lower unemployment rate.
  • Full-time jobs rose by 3,400 and offset a 3,300 decline in part-time work; goods-producing employment gained 1,900, led by manufacturing and agriculture, while services lost 1,900.
  • Health care and social assistance shed 2,300 jobs in June, extending a four-month slide from 27,900 in February to 17,200, a trend local labour officials called alarming for regional services.
  • Ontario’s unadjusted unemployment rate also fell 0.3 points to 7.1%, and the broader Bruce-Grey-Huron-Perth area had just over 1,000 job postings.

Insights

Why is this region's workforce shrinking despite a boom in full-time jobs and low unemployment?
What caused the staggering loss of 10,700 local health care jobs in just four months?
Why is local manufacturing booming while Canada's national manufacturing sector sees significant job losses?