The unemployment rate in Prince George is steady in a year to year comparison. Stats Canada says the May rate of 6.6% is identical to the rate in May of 2015. Although the rate is up nearly 2 full points from last month, Stats Canada advises against that type of comparison because it can be influenced unfairly by seasonal factors.
Statistics Canada analyst Andrew Weir says, “it indicates there is some seasonality to the labour market in Prince George. It looks like normally unemployment is lower in April and normally it increases in May.” He added, “one possibility is that students are entering the labour market in May, pushing the number of people looking for work, up.”
Through the Cariboo region, the rate fell nearly three quarters of a point to 7.0% in a year to year comparison. Across BC the rate is 6.1% whitl the national rate stands at 6.9%.