STAY WHERE YOU ARE – UNEMPLOYMENT RATE 17.5 %

SHE’S BAD BYE

Island’s unemployment rate up two full percentage points from same time last year

 

Published on March 11, 2011

Published on March 11, 2011

Staff ~ The Cape Breton Post 

SYDNEY — Cape Breton’s unemployment rate stood at two percentage points higher in February than it was for the same month a year earlier, data from Statistics Canada shows.

Topics :

, Cape Breton , Nova Scotia , Halifax

The unemployment rate was 17.3 per cent, up from 15.3 per cent for the same month in 2010.

The unemployment rate in Cape Breton was 16.2 percent in January, up from 14.8 a year earlier.

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 labour force consisted of 61,200 in February — 50,600 employed and 10,600 unemployed.

That compared with 51,700 employed and 10,000 unemployed a month earlier. The labour force at this time last year was 58,800.

The Canadian economy created a fewer than expected 15,100 new jobs that included a decline in full-time work.

The small improvement in jobs overall, all part-time, was below expectations at 25,000 new jobs, but large enough to keep the unemployment rate stable.

Nova Scotia’s unemployment rate was unchanged in February at 9.5 per cent when compared to January. The unemployment rate in the province’s capital city of Halifax was also unchanged, at 6.7.

Regionally, the unemployment rate in Prince Edward Island was 11.7 per cent, in Newfoundland it was 12.8 per cent, and New Brunswick registered a rate of 9.8 per cent.

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.

(Courtesy Cape Breton Post)

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