The unemployment rate in the Alberta economic region holding Lloydminster has dropped for the second month in a row. It dropped 8.4 per cent in September, down from 8.7 per cent in August. It’s still 4.6 percent higher than a year ago.
Despite this improvement, Alberta’s unemployment rate shifted up slightly to 8.5 per cent, while Canada’s held steady at 7 per cent. Alberta has also seen a sharp unemployment rate increase in the demographic of workers aged 15 to 24 years old.
As for the unemployment rate for the Saskatchewan economic region holding Lloydminster, Northern Saskatchewan, the rate currently stands at 20.1 per cent. The provincial rate in Saskatchewan stands at 6.8 per cent, and the province shed 6000 jobs in September of 2016.