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Lowest Unemployment Rate for Wood Buffalo – Cold Lake Since Early 2015

Fort McMurray, AB, Canada / MIX 103.7
Lowest Unemployment Rate for Wood Buffalo - Cold Lake Since Early 2015

The region’s unemployment rate is seeing a big drop for the third consecutive month.

According to Statistics Canada, the rate for Wood Buffalo-Cold Lake is now sitting at 6.4 per cent for the month of November, the lowest since January 2015.

At one point this year, the rate was sitting at 9.1 per cent.

The Labour Force Survey shows the region added 100 full-time jobs but lost 100 part-time jobs.

Educational services added the most jobs, roughly 400, while health care and social assistance lost around 400.

The forestry, fishing, mining, quarrying, oil and gas sectors also lost around 300 jobs.

Meanwhile, the province’s unemployment rate is sitting at 6.8 per cent, the lowest it’s been since December 2015.

Nationally, the unemployment rate is at 5.6 per cent, the lowest since December 2007.

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