PEI ties Newfoundland again for worst unemployment in Canada

This article was last updated on May 20, 2022

Canada: Free $30 Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
USA: Free $30 Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…

Unemployment eased slightly in October 2010 to 12.9% for PEI and 13% for Newfoundland

PEI (Chart: NJN Network, source: Statistics Canada Labour Force Survey)
 

Unemployment eased across Atlantic Canada according to the November 5th, 2010 Labour Market Survey
PEI’s last month record unemployment of 13.6% improved to 12.9%, still a very high rate.
Unemployment across Canada dropped 1/10th of one percent to 7.9%.
PEI gained 1,200 employment positions during October. Of those 1,100 were full time.  That partially recovers from the 2,200 jobs lost in September.
 
During the previous Conservative government of Pat Binns, the unemployment rate was slightly above 10%.
The Liberal government of Robert Ghiz has been be-deviled by economic decline that peaked last month at 13.6% unemployment, the worst in Atlantic Canada. 
Last month, PEI’s Treasurer Wes Sheridan seemed unconcerned about 13.6% unemployment. “If we start to see a trend, we would be very much concerned,” Sheridan told CBC.
Will either Sheridan or Premier Ghiz see a trend this month?

Atlantic Canada

In New Brunswick, unemployment stayed steady at 9.8%.
 
Nova Scotia deteriorated to 9.8% from 9% in September.
Newfoundland improved .5% to 13%.
Across Canada, unemployment eased 1/10th of one percent to 7.9%.
“Since October 2009, total employment has risen by 375,000 (+2.2%), mostly the result of strength over the first half of 2010, when employment growth averaged 51,000 per month. In the last four months, however, monthly gains have averaged 5,700.” Statistics Canada
The gains are in the private sector with both self-employment and public service employment slightly lower.

By Stephen Pate, NJN Network 

Share with friends
You can publish this article on your website as long as you provide a link back to this page.

Be the first to comment

Leave a Reply

Your email address will not be published.


*