P.E.I. unemployment takes drop last month
P.E.I.’s unemployment rate dropped last month as fewer Islanders looked for work. The latest figures from Statistics Canada show the unemployment rate dropped to 9.7 per cent in December, which was down from 10.4 per cent the previous month. There were 1,200 fewer people in the province’s labour force in December compared to November. The number of people working also dropped with P.E.I. seeing a decline of 600 jobs between November and December. Most of those declines were in full time jobs. Nationally, the unemployment rate remained unchanged at 7.1 per cent. Canada gained 22,800 jobs last month despite a drop in the number of full-time jobs. The economy shed 6,400 full-time jobs, but gained 29,200 part-time positions.