The jobless rate edged higher last month in the Stratford-Bruce Peninsula Economic Region.
Unemployment rose by 1.1 percentage points to 5.6%. The provincial unemployment rate rose by 0.2 percentage points to 5.4%.
Employment decreased by 4,600 in the region with about 4,000 full-time losses and 400 part-time losses.
The number of goods-producing sector employees decreased by 800 in the Stratford-Bruce Peninsula Economic Region. 1,900 job losses in Construction and 200 Manufacturing were partially offset by gains in Utilities, and Agriculture.
Employment in the Services-producing sector decreased by 3,800. 1,700 jobs were lost in accommodation and food services, 1,300 in finance, insurance, real estate, rental and leasing and 800 in wholesale and retail trade. These were partially offset by gains in, Other services (except public administration) (+900) Professional, scientific and technical services (+400), Educational services (+100) and Transportation and warehousing (+100).
Some growth in the region’s economy includes another company is opening in Kincardine to support Bruce Power. Johnson Controls to partner with Bruce Power with a vision of a SMART Campus. The new project office will open at 926 Queen Street. As well, 7ACRES Cannabis production facility in Tiverton has expanded and agreed to supply Cannabis to retailers in the provinces of New Brunswick and Saskatchewan.
