September job numbers steady in Prince Albert area
Participation rate, unemployment rate, employment rate all remain largely unchanged for Sept.
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.
Prince Albert’s job numbers went largely unchanged for September 2017.