Unemployment rate way up in Kamloops
KAMLOOPS — Some gloomy job numbers to report in Kamloops.
According to Statistics Canada, the three month unemployment average ending in October has shot up from the same period last year (August, September, and October).
“What we have is an unemployment rate of 11 per cent this October and that represents about 7,500 people looking for work,” says Labour Analyst Vincent Ferrao. “And a year ago we had an unemployment rate of 5.8 per cent or close to 4,000 people looking for work.”
Broken down even further, he says this October we had 60,400 people working while a year ago that number was 62,800.