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Spike In Lethbridge Unemployment Seen As Temporary

Lethbridge:  A bit of a jolt on the jobless front, as the Lethbridge - Medicine Hat rate jumped from 4.5 per cent in February to 5.7 per cent last month. 

   However, the CEO for Economic Development Lethbridge doesn't see it as cause for concern.  Cheryl Dick admits a 1.2 per cent hike is larger than normal but it does fall in line with what we see historically. 

  According to Dick, "Usually, what we see in March, is seasonal workers that are coming back into the work force, so we see an increase in the number of people who are in the market place for labour."  She says, "Often, those jobs don't start getting filled until April but, the workers are being counted in the work-force".

  Dick also reminds us that while last month's jobless rate locally is at 5.7 per cent, that's down substantially from the 7.4 per cent registered in March of 2010. She says, "We have seen a significant decrease year-over-year which I think is a very important factor because month-to-month we're going to continue to see small fluctuations, with gradual strengthening going forward".

  The provincial unemployment rate of 5.7 per cent, was unchanged from February.  Nationally, our economy lost 1500-jobs. But March did produce a big gain in full-time employment, which completely offset a decline in part-time work...and dropped the national rate from 7.8 to 7.7 per cent.

Posted on Friday, April 08, 2011 at 4/17/2014 4:49:53 PM
Source: Dori Modney -- Country 95 News
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