Unemployment rate up more than full percentage point over last year
WE ARE SOME DISTANCE FROM RIDING THE RAILS – BUT IT IS STILL TOO HIGH
SYDNEY — There were 10,000 Cape Bretoners looking for work in January, according to the latest job numbers released Friday by Statistics Canada.
The data also revealed the unemployment rate in Cape Breton stood at 16.2 percent in January, up from 14.8 per cent one year ago.
January’s rate also represents a half-percentage point rise from last month. The unemployment rate was 15.7 per cent in December, and hovered at or just below 15 per cent for much of the latter part of 2010.
Cape Breton’s total labour force in January consisted of 61,700 people — 51,700 employed and 10,000 unemployed. The labour force at this time last year was 60,700
The provincial unemployment rate fell almost a full percentage point from 10.4 per cent in December, to 9.5 per cent in January. Of the five regions in Nova Scotia, Cape Breton has the highest unemployment rate.
Regionally, the unemployment rate in Prince Edward Island was 11.3 per cent, in Newfoundland it was 12.4 per cent, and New Brunswick registered a rate of 9.1 per cent.
Across the country, Canada’s unemployment rate went up two-tenths of a percentage point from December and stood at 7.8 per cent in January. A total of 69,200 new jobs were created in January but 106,400 more Canadians returned to the work force.
The monthly employment figures for specific regions of Canada, such as Cape Breton, are determined by a three-month moving average of unemployment rates unadjusted for seasonality, while national and provincial numbers reflect monthly numbers that are seasonally adjusted.