Latest Jobless Figures Show Change Of fortune For Lethbridge-Medicine Hat Region. : B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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Latest Jobless Figures Show Change Of fortune For Lethbridge-Medicine Hat Region.

 
 

LETHBRIDGE:  An area that once had one of the lowest sustained unemployment rates in the province, now has one of the highest.

 

For the Lethbridge Medicine Hat region, the jobless rate jumped from 4.8% in March to 5.5% last month. That's more than half a point higher than it was in April of 2012. Among other provincial centres, only Red Deer has a higher rate at 6.2%.

 

There is a bright spot. The 5.5% jobless rate is still considered in the normal range and is well below the national rate. Lethbridge Economic Development CEO Cheryl Dick notes, "There is no consistent trend over time for the month of April, although we may have experienced a slight bump due to students entering the job market".

 

Dick also draws attention to a recent 'Mid-Sized Cities Outlook', which expects hiring in the Lethbridge manufacturing sector to grow by 19.4% this year.

 

Provincially, the jobless rate dropped from 4.8 to 4.4%.

 

On the national scene, the unemployment rate remained at 7.2%. Canada's economy managed to produce more 12,000 new jobs in April, and most of them came in the form of new employees, as opposed to self-employment. The numbers helped offset some of the massive job losses in March.



Posted on Friday, May 10, 2013 at 4/24/2014 9:25:21 AM
Source: Dori Modney (@Dori_Modney on Twitter) -- Country 95 News
 
 
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