Economic Update – Feb. 2018 – City of Prince George

Economic Update – Feb. 2018 – City of Prince George

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In February 2018, Prince George's unemployment rate was 7.0%, a decrease of 0.9% when compared to the same month in 2017 when it was 7.9%. The unemployment rate of 7.0% for Prince George was higher than the provincial rate of 4.7% and the national rate of 5.8%.

Prince George's employment rate in February 2018 was 67.7%, an increase from the same month in February 2017 when it was 64.5%, a 3.2% positive change. The employment rate of 67.7% for Prince George was higher than Canada's national rate of 61.7% and British Columbia's rate of 62.0%.

Total employment in the Cariboo Economic Development region was 79,700 during February 2018. This represents an increase of 400 jobs when compared to the previous month. The Accommodation and Food Services category saw the highest increase, adding 700 jobs. Job numbers decreased in the Truck Transportation category by 300 jobs.

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