Jobless numbers disappointing
Canada’s unemployed in February fell by 7,000 people after economists predicted a 15,000 increase for the month.
The ‘seasonally adjusted’ jobless rate remained at seven per cent, recorded first in January.
In Newfoundland and Labrador the ‘actual’ unemployment rate went up three tenths of a point to 12.8 per cent when compared to last month. It meant 1,700 fewer people were in the labour force from January to February and almost 2,000 fewer people were registered as working. Those without jobs rose by 500. On the Avalon Peninsula, the actual jobless rate fell four tenth of a point to 8.4 in February. Labour force and employment number remained constant but the number of unemployed dropped by 500.
Along the Burin Peninsula-South Coast region, the unemployment rate rose almost two percentage points to 16.6 per cent. Labour force numbers fell 500 to 16,300 in February and rose declined 600 for those employed (13,700) while 300 more were out of work (2,700).
In the other regions, February’s rate fell slightly to 14.9 per cent in the West Coast-Northern Peninsula-Labrador area but rose two percentage points to 22.7 per cent in the Notre Dame-Central Bonavista Bay region compared to January.