(Dreamstime)

By Sheldon Spackman

Down One Per Cent

Red Deer region sees significant drop in unemployment rate

Nov 8, 2024 | 2:54 PM

The Red Deer region’s unemployment rate came in at 6.6 per cent in October.

That compares with a rate of 7.6 per cent the month before, and 7.4 per cent the same month last year.

Elsewhere throughout the province, Edmonton had a jobless rate of 7.9 per cent in October, while Calgary’s was 7.4 per cent.

The unemployment rate came in at 6.8 per cent for Lethbridge-Medicine Hat last month, 6.7 per cent for Wood Buffalo-Cold Lake, 4.9 per cent for Banff-Jasper-Rocky Mountain House and Athabasca, Grande Prairie-Peace River, and 4.3 per cent for Camrose-Drumheller.

Alberta’s unemployment rate was 7.2 per cent last month, down from 7.4 per cent in September, but still up from the 5.5 per cent jobless rate seen in October 2023.

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The national unemployment rate was 6.5 per cent last month, down from 6.8 per cent in September, but still up from 5.6 per cent in October of last year.