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Employment level highest in two decades

Published on March 21st, 2008; Published on January 31st, 2010

Statistics Canada reports the unemployment rate for this region (Digby, Yarmouth, Shelburne, Queens and Lunenburg counties) was 7.9 per cent in February 2008, down 2.2 percentage points from February 2007 and 0.9 percentage points from January 2008.

Topics :: Nova Scotia , Canada

This month’s unemployment rate is the lowest it has been for any February since 1989 and the level of employment is the highest since at least 1987.

At the same time, the participation rate - the percentage of people working or looking for work compared to the population aged 15 and over - increased by 2.2 percentage points to 58.8 per cent. This is a positive indicator for the local economy, as an increasing participation rate tends to reflect confidence in the job market - more people willing to look for work.

By comparison, the unemployment rate in February 2008 for Nova Scotia was 7.7 percent and for Canada was 5.8 per cent.

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