The unemployment rate in the Stratford-Bruce Peninsula Economic Region was at its lowest of the year in October.
An official release from the Four County Labour Market Planning Board says October brought another decrease in local unemployment of 0.6 percent, from 3.6 percent to 3, the lowest. so far in 2021. That 3 percent rate is also the lowest unemployment rate of any economic region in Ontario. The provincial unemployment rate dropped to 7.4 percent, with both rates unadjusted for seasonality. Overall net employment in the region remained unchanged at 162,200, with full-time losses (-400) and part-time gains (300).
Current job postings for the Bruce, Grey, Huron, Perth region have increased overtime since the pandemic and can be found at: \http://www.connect2JOBS.ca.
“With such a low unemployment rate, growing our workforce to fill job vacancies and meet employers’ worker needs will be top priority as we saw the labour force shrink by 1000 people between September and October,” says Gemma Mendez-Smith, Executive Director of the Four County Labour Market Planning Board.
