Cape Breton’s unemployment rate not much different from same time last year
— Cape Breton’s unemployment rate remains virtually unchanged from this time last year, according to the latest data released Friday by Statistics Canada.
There were 52,300 people employed and 9,300 unemployed in Cape Breton in January, representing a 15.1 percent unemployment rate, down just slightly from January 2009 when the rate stood at 15.2 per cent.
The January rate did represent an increase of almost a full percentage point from December when it stood at 14.2 per cent on the island. November’s unemployment rate was 13.7 per cent. Cape Breton has the highest unemployment rate in Nova Scotia, with the province as a whole reporting a 9.8 per cent unemployment rate. The rate in Halifax was 6.5 per cent.
Regionally, the unemployment rates varied — 9.3 per cent in New Brunswick, 9.9 per cent in Prince Edward Island, and 14.9 per cent in Newfoundland. Across Canada, January’s unemployment rate was 8.3 per cent.
The monthly employment figures for specific regions of Canada, like Cape Breton, are determined by a three-month moving average unemployment rates unadjusted for seasonality, while national and provincial numbers reflect monthly numbers which are seasonally adjusted.