Jobless rates continue upward
Statistics Canada released its new jobless figures Friday and revealed the ‘actual’ unemployment rates in Newfoundland and Labrador climbed in January.
Nationally, the ‘seasonally-adjusted’ rate is down slightly to 8.3 per cent.
The provincial jobless rate now stands at an even 16 per cent, up eight/tenths of one per cent over December and just over one per cent from a year ago.
Stats Can reported the labour force in January fell off 2,500 since December to stand at 248,700 with the number of employed pegged at 209,000 – a 4,000 drop from December. The number of unemployed rose to 39,700, 1,400 more than the previous month.
Along the South Coast/Burin Peninsula, the jobless rate is just under 20 per cent at 19.9 for January. It’s up seven/tenths of one per cent from December. A year ago it was over 21 per cent.
The labour force along the coast fell off 500 people from December to stand at 14,600 while the employed dropped 500 as well (11,700) and the unemployed remained at 2,900.
In the province’s other regions, the Avalon Peninsula’s unemployment rate increased slightly to 11.8 per cent in January; the West Coast/Northern Peninsula/Labrador region went up a full percentage point to 17.7 per cent and in Notre Dame/Central Bonavista Bay jumped just under two per cent to 24.9 per cent.