By Jeff Henson

JOBLESS RATE

National unemployment rate hits new record low, local jobless rate holds steady

Jun 10, 2022 | 11:00 AM

The unemployment rate for the economic region that includes Grande Prairie and the Peace region held steady in May.

It remains at 4.7 per cent, the second-lowest rate in the province behind only the 4.6 per cent rate in the Camrose-Drumheller region.

Provincially the jobless rate fell to 5.3 per cent, compared with 5.9 per cent in April, as almost 15-thousand fewer Albertans were looking for work in May.

Meanwhile, the national unemployment rate has fallen to a record low as the country reports an additional 40-thousand jobs were added in May.

Statistics Canada says the increase was driven by a gain in full-time jobs as the labour market continued to tighten and wages pushed higher.

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The unemployment rate fell to 5.1 per cent, the lowest rate since at least 1976 — as far back as comparable data goes.

with files from the Canadian Press