The unemployment rate in the oilsands region of Wood Buffalo – Cold Lake dropped for the third month in a row.
Statistics Canada released its unemployment figures today and shows the regional unemployment rate shrank to 7.6 per cent in August, that’s down from 8 per cent in July and 8.2 per cent in June. It’s down a full percentage point from May.
Provincially Alberta’s rate crept up slightly from 6.1 per cent in July to 6.2 per cent last month.
While seven per cent of Canadians were looking for work last month, a small increase over the 6.9 per cent that held for June and July.
