Septem­ber job num­bers steady in Prince Al­bert area

Par­tic­i­pa­tion rate, un­em­ploy­ment rate, em­ploy­ment rate all re­main largely un­changed for Sept.

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Prince Al­bert’s un­em­ploy­ment rate re­mains largely un­changed, ac­cord­ing to num­bers re­leased by Sta­tis­tics Canada Fri­day.

Ac­cord­ing the monthly re­port, in Septem­ber, Prince Al­bert had a par­tic­i­pa­tion rate of 63 per cent, an un­em­ploy­ment rate of 10.2 per cent and an em­ploy­ment rate of 56.6 per cent.

The par­tic­i­pa­tion rate de­notes the num­ber of peo­ple ei­ther em­ployed or look­ing for work. The un­em­ploy­ment rate only con­sid­ers peo­ple who are ac­tively look­ing for work.

Those who do not have a job but are not look­ing, such as stu­dents or se­niors, are not counted in the un­em­ploy­ment rate.

Peo­ple look­ing for work while em­ployed at an­other job are also not counted in the statis­tic.

The stan­dard of er­ror of the un­em­ploy­ment rate is 2.1

Ac­cord­ing to the chart pro­vided by Sta­tis­tics Canada, the Septem­ber 2017 num­bers are very sim­i­lar to those from Septem­ber of last year.

Then, the par­tic­i­pa­tion rate was 67.6 per cent, un­em­ploy­ment rate 10.4 per cent and em­ploy­ment rate 60.6 per cent.

The change in par­tic­i­pa­tion and em­ploy­ment rate show that fewer peo­ple are work­ing or look­ing for work, though the per­cent­age of peo­ple ac­tively look­ing for a job has re­mained rel­a­tively un­changed.

The raw num­bers back that up. Ac­cord­ing the data, the num­ber of em­ployed peo­ple in prince Al­bert yearover-year fell from about 20,400 to 19,300.

Provin­cially, the sea­son­ally ad­justed un­em­ploy­ment rate has fallen from 6.4 to 6.2 month-over-month. That’s in line with the 6.2 per cent na­tional un­em­ploy­ment rate.

How­ever, the pro­vin­cial par­tic­i­pa­tion rate has fallen. It was hov­er­ing at just over 69 per cent for the past few months, and has since fallen to just below 69 per cent. Na­tion­ally, the num­ber has re­mained about the same.

Year-over-year, the sea­son­ally ad­justed na­tional un­em­ploy­ment rate has fallen. It was at seven per cent at this point last year. The pro­vin­cial num­bers are sim­i­lar, with last Septem­ber’s ad­justed rate at 6.9 per cent.

Na­tion­wide, the av­er­age length of un­em­ploy­ment is 19.9 weeks, but the ma­jor­ity, 409,100, have been un­em­ployed for a month or less.

Of those look­ing for work, the ma­jor­ity are look­ing for full-time em­ploy­ment.

HER­ALD FILE PHOTO

Prince Al­bert’s job num­bers went largely un­changed for Septem­ber 2017.

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