zombola
02-09-2016, 01:39 PM
The Huffington Post Canada
By Daniel Tencer
http://i.huffpost.com/gen/3977324/images/n-KELOWNA-BRITISH-COLUMBIA-large570.jpg
Last month we reported that Guelph, Ont., is the best city in Canada to find a job. But what about the worst city?
Right now, that unwelcome honour belongs to Kelowna. In the space of a single year, the city in British Columbia's interior has gone from being one of the best cities in Canada to find a job, to one of the worst. The city of 117,000 fell 31 spots in BMO’s labour market report card — out of 33 spots altogether. (See below for the 10 worst cities in Canada to find a job.)
Kelowna’s unemployment rate jumped to 7.6 per cent in January, up from 3 per cent a year earlier. While its population grew 1.7 per cent over the last year, the number of jobs fell 2.2 per cent.
Many of the other cities that have seen the worst deterioration in their labour markets are in Ontario, which is unexpected because Ontario and B.C. currently lead the country on job growth. They were the only two provinces to record any gains in the latest monthly report from StatsCan.
But it goes to show that the oil price collapse is having very specific and varied effects on Canada’s municipalities. BMO senior economist Robert Kavcic notes that Ontario and B.C. have seen their jobless rates rise over the past year, but only because more people are entering the workforce.
“Don’t let the sticky jobless rates fool you — these are the two strongest markets in Canada, and it’s not really even close,” he wrote.
So leave Kelowna or Peterborough, perhaps — but stay in the province! Here are the cities with the most rapidly deteriorating labour market conditions in the country, based on BMO’s labour market report card of 33 major urban areas.
Worst: Kelowna, B.C.
http://i.huffpost.com/gen/3977410/original.jpg
Down 31 spots on BMO ranking, to 32nd place.
Number of jobs down 2.2% in a year.
Jobless rate: 7.6%
2nd Worst: Peterborough, Ont.
http://i.huffpost.com/gen/3977418/original.jpg
Down 24 spots on BMO ranking, to 27th place.
Number of jobs down 4.1% in a year.
Jobless rate: 6.7%
3rd worst: Calgary, Alta.
http://i.huffpost.com/gen/3345724/original.jpg
Down 19 spots on BMO ranking, to 23rd place.
Number of jobs down 2.3% in a year.
Jobless rate: 7.7%
4th Worst: St. John’s, Nfld.
http://i.huffpost.com/gen/3977422/original.jpg
By Daniel Tencer
http://i.huffpost.com/gen/3977324/images/n-KELOWNA-BRITISH-COLUMBIA-large570.jpg
Last month we reported that Guelph, Ont., is the best city in Canada to find a job. But what about the worst city?
Right now, that unwelcome honour belongs to Kelowna. In the space of a single year, the city in British Columbia's interior has gone from being one of the best cities in Canada to find a job, to one of the worst. The city of 117,000 fell 31 spots in BMO’s labour market report card — out of 33 spots altogether. (See below for the 10 worst cities in Canada to find a job.)
Kelowna’s unemployment rate jumped to 7.6 per cent in January, up from 3 per cent a year earlier. While its population grew 1.7 per cent over the last year, the number of jobs fell 2.2 per cent.
Many of the other cities that have seen the worst deterioration in their labour markets are in Ontario, which is unexpected because Ontario and B.C. currently lead the country on job growth. They were the only two provinces to record any gains in the latest monthly report from StatsCan.
But it goes to show that the oil price collapse is having very specific and varied effects on Canada’s municipalities. BMO senior economist Robert Kavcic notes that Ontario and B.C. have seen their jobless rates rise over the past year, but only because more people are entering the workforce.
“Don’t let the sticky jobless rates fool you — these are the two strongest markets in Canada, and it’s not really even close,” he wrote.
So leave Kelowna or Peterborough, perhaps — but stay in the province! Here are the cities with the most rapidly deteriorating labour market conditions in the country, based on BMO’s labour market report card of 33 major urban areas.
Worst: Kelowna, B.C.
http://i.huffpost.com/gen/3977410/original.jpg
Down 31 spots on BMO ranking, to 32nd place.
Number of jobs down 2.2% in a year.
Jobless rate: 7.6%
2nd Worst: Peterborough, Ont.
http://i.huffpost.com/gen/3977418/original.jpg
Down 24 spots on BMO ranking, to 27th place.
Number of jobs down 4.1% in a year.
Jobless rate: 6.7%
3rd worst: Calgary, Alta.
http://i.huffpost.com/gen/3345724/original.jpg
Down 19 spots on BMO ranking, to 23rd place.
Number of jobs down 2.3% in a year.
Jobless rate: 7.7%
4th Worst: St. John’s, Nfld.
http://i.huffpost.com/gen/3977422/original.jpg