Unemployment for December highest since 1993

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Statistics Canada reports the unemployment rate for economic region 240 (Yarmouth, Digby, Shelburne, Queens and Lunenburg counties) was 12.3 per cent in December, up 2.4 percentage points from December 2011 but down 0.4 percentage points from November 2012.

The unemployment rate reported for the month of December was the highest rate for the month since 1993.  

At the same time, the participation rate - the percentage of people working or looking for work compared to the population aged 15 and over - decreased by 0.9 percentage point to 58.9 percent.

By comparison, the unemployment rate in Nova Scotia for December 2012 was 9.3 per cent and for Canada was 7.1 per cent, the lowest rate in four years.

 

Geographic location: Nova Scotia, Canada

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  • trgo
    January 05, 2013 - 20:19

    Pay close attention folks! Tomorrow, Dexter will be describing this information as a ..."MYTH" !!!