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HomeStratford NewsStratford region home to the lowest unemployment rate in the province in...

Stratford region home to the lowest unemployment rate in the province in July

The unemployment rate in our region dropped last month.

The Four County Labour Market Planning Board says the unemployment rate for the Stratford-Bruce Peninsula Economic Region decreased by 2 per percentage points from 3.8% to 3.6% in July.

The rate was the lowest among economic regions in Ontario.

At the same time, the provincial unemployment rate decreased to 8.9%, with both rates unadjusted for seasonality.

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There were both full-time and part-time gains in our region last month with the greatest gains coming in wholesale and retail trade.

Officials say the employment increase was the largest in 2021, which shows a continued recovery of the local labour market, possibly caused by Stage 2 reopening and its relaxing rules.

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