Slight Improvement: Unemployment Rate

unemployment rate: According to Statistics Canadas monthly labour force survey, the regions unemployment rate dropped to 5.0 per cent last month, a slight improvement over the 5.3 per cent in September and 5.6 recorded in October 2012. , according to Times Colonist. Those numbers are pretty consistent with what I had expected. We had a tremendous year in tourism, the high-tech sector remains incredibly strong and we are back to seeing a very high number of building permits being issued, the kind of levels we saw in 2008-09, said Bruce Carter, chief executive of the Greater Victoria Chamber of Commerce. The numbers bode well for our economy. A strong tourism season that spilled into the fall and continued improvement in the construction sector meant Greater Victoria knocked a few points off its unemployment rate in October. The national number cruncher noted both the construction and the accommodation and foodservices sectors added 3,300 jobs each over the past 12 months. In all, there were 184,400 people from a labour pool of 194,100 employed in Victoria last month. (www.immigrantscanada.com). As reported in the news.