The local unemployment rate in the Stratford-Bruce Peninsula Economic Region decreased again in April.
That's according to a release from the Four County Labour Market Planning Board. In April, unemployment decreased by 0.6 percentage points to 3.5 percent. This is the lowest the unemployment rate has dipped since November 2022. Meanwhile, the provincial unemployment rate increased by 0.1 percentage point to 6.7 percent, both unadjusted for seasonality.
According to the release, "In April, the Region’s overall population increased by +400, whereas the labour force size increased by +1,000 and the size of population not participating in the labour force decreased by +600. Thus, the participation rate increased slightly by 0.2 percentage points to 60.2 percent. The Region also experienced an increase of approximately +2,000 in total employment size. The increase was a result of about +3,200 full-time employment gains and -1,200 part-time employment losses this month."
Current job postings for the Bruce, Grey, Huron, Perth region have increased over time since the pandemic and can be found at www.connect2JOBS.ca. The current number of job postings exceed 2,400.