Region Loses Around 1,800 Jobs in November, Unemployment Rate Sees Big Drop

Wood Buffalo continues to see a big drop in jobs month over month.

According to Statistics Canada’s latest labour force survey, Wood Buffalo-Cold Lake lost around 1,800 jobs in November.

This after the area lost around 900 jobs in October and 1,200 positions in September.

This is the fifth straight month the region has seen a dip in jobs.

The forestry, fishing, mining, quarrying, oil and gas sector saw the biggest drop, losing around 1,600 jobs. Currently, around 21,800 people in the region work in this sector.

Educational Services saw the biggest rise, adding around 500 spots.

Meanwhile, the unemployment rate dropped from 5.1 per cent to 4.3 per cent.

Provincially and federally, the unemployment rate saw decreases from last month – sitting at 6.4 per cent and 5.2 per cent respectively.

More from 100.5 Cruz FM