Monday, March 20, 2023

Lethbridge-Medicine Hat unemployment rises to 4.6% in February

A very slight increase in the local unemployment rate last month.

Stats Canada releasing its latest jobs numbers Friday (Mar. 6). The Lethbridge-Medicine Hat jobless rate last month came in at 4.6%, up just a notch from 4.5% in January.

This region though still has, by far, the lowest unemployment rate in Alberta.

From a provincial standpoint, the Alberta unemployment rate was virtually unchanged at 7.2%. There were job gains, however in the province in February, mostly among youth. That accounted for roughly 11,000 positions.

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The national picture remained steady as well with the Canadian jobless rate last month coming in at 5.6%. The Canadian economy added around 30,000 net new jobs in February.

Alberta Jobless Rate by Region Jan. 2020

Lethbridge-Medicine Hat: 4.6%
Camrose-Drumheller: 6.4%
Calgary: 7.2%
Banff-Jasper-Rocky Mountain House: 6.8%
Athabasca-Grande Prairie-Peace River: 6.8%
Red Deer: 8.6%
Edmonton: 7.7%
Wood Buffalo-Cold Lake: 5.8%


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