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Wood Buffalo-Cold Lake Unemployment Rate Drops In July

Fort McMurray, AB, Canada / MIX 103.7
Wood Buffalo-Cold Lake Unemployment Rate Drops In July

The local unemployment rate is down slightly month over month.

According to Statistics Canada’s latest Labour force survey, the rate for Wood Buffalo-Cold Lake was 6.3 per cent for July – a small drop from June’s 6.5 per cent.

The report also shows full-time employment grew by 300 positions to 74,500 workers while 800 part-time jobs were lost month over month.

When looking at different sectors, the region lost 200 construction in July – while 500 spots were created in forestry, fishing, mining and oil and gas sector.

Provincially, the unemployment rate was 6.6 per cent for July and the national unemployment rate dropped to a four-decade low of 5.8 per cent.

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