Chamber CEO encouraged by lower unemployment rate
The CEO of the Red Deer and District Chamber of Commerce sees some positive news in the latest local unemployment rate.
With the Red Deer region’s jobless rate coming in at 5.6 per cent in August, down from 9.6 per cent in August of 2016, Robin Bobocel says, “ I think the economy is starting to turn around thanks to the innovation and the fortitude of businesses.”
He adds, “Business adjusts to the marketplace in which it operates, so I think obviously there was an initial reaction to a downturn in the economy which resulted in significant layoffs and businesses have retooled and readjusted.” Bobocel points out “ They’re now starting to make cautious returns to profitability into success.”
The Red Deer region’s unemployment rate last month was also lower than the 5.8 per cent jobless rate in July.