Al­ready-low job­less rate falls again

The Expositor (Brantford) - - FRONT PAGE - EXPOSITOR STAFF

The lo­cal un­em­ploy­ment rate fell to 3.2 per cent in Oc­to­ber, set­ting a new low for Brant­ford and Brant County this cen­tury.

That’s down from Septem­ber’s record low of 3.6 per cent.

And the Oc­to­ber rate is full three per­cent­age points be­low where the rate stood in the same month last year at 6.2 per cent.

The rate has been steadily de­clin­ing in the past year, drop­ping up to a half a per­cent­age point per month.

Sta­tis­tics Canada said the coun­try’s Oc­to­ber un­em­ploy­ment rate held steady at 5.5 per cent, with an es­ti­mated 1,800 net jobs lost over the pre­vi­ous month.

Ac­cord­ing to the Work­force Plan­ning Board of Grand Erie, which mon­i­tors labour sta­tis­tics, the Oc­to­ber rate puts Brant­ford well be­low its large metropoli­tan neigh­bours.

Hamil­ton’s rate in Oc­to­ber was 4.8 per cent, while the Kitch­ener-cam­bridge-water­loo area, St. Catharines-ni­a­gara and Guelph all had rates equal to or higher than the On­tario av­er­age of 5.4 per cent. Lon­don’s Oc­to­ber rate was over 6 per cent.

The plan­ning board noted there are a high num­ber of adults who are not counted in the labour force sta­tis­tics. Since July, Sta­tis­tics Canada es­ti­mated 4,000 peo­ple are ei­ther not work­ing or not look­ing for work.

The board noted that many area em­ploy­ers are look­ing for work­ers, rang­ing across all in­dus­tries and skills.

The plan­ning board is one of 26 On­tario non-profit or­ga­ni­za­tions that re­search and mon­i­tor labour trends in their mar­kets.

EXPOSITOR FILE PHOTO

The lo­cal job­less rate fell to 3.2 per cent in Oc­to­ber, con­tin­u­ing a down­ward trend.

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