Friday, September 30, 2022

After one month of decline, local jobless rate increases in July

After enjoying one month of decline, the local jobless rate has increased slightly.

Statistics Canada says the Lethbridge-Medicine Hat unemployment rate rose to 6.4% in July up from 6.2% in June.

That’s after dropping from 6.5% in May – the first month-to-month drop in local unemployment in well over half a year.

At this time last year, the local jobless rate was 4.7%.

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The Banff, Rocky Mountain House, and Grande Prairies areas still sit with the lowest unemployment rate in the province at 5.2% while Edmonton remains highest at 7.7%.

Nationally, Canada lost 24,000 jobs last month – moving the unemployment rate from 5.5% in June to 5.7% in July.

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