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Local Unemployment Rate Drops For Second Straight Month

Fort McMurray, AB, Canada / MIX 103.7
Local Unemployment Rate Drops For Second Straight Month

The local unemployment rate is decreasing for the second straight month.

According to Statistics Canada’s latest labour force survey, the rate for Wood Buffalo-Cold Lake was 6.0 per cent for August – down from July’s 6.3 per cent.

Despite this, the region lost around 100 jobs – now sitting at roughly 83,700 spots.

The biggest loss of jobs was in the education sector, which saw a decrease of around 300. The forestry, fishing, mining and oil and gas sector added the most positions with 300 of their own.

Provincially, the unemployment rate was 6.9 per cent for July and the national unemployment rate increased to 6.1 per cent.

Overall, 52,000 jobs were lost across Canada in August, following increases in the previous two months.

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