Labour Force: Unemployment Rate

unemployment rate: That difference in decline between the labour force and employment means the areas unemployment rate dropped 1.1 percentage points, from 7.2 per cent to 6.1 per cent, according to The Telegram. Coun. Dave Lane, the co-chairman of the citys economic development committee, called the report a snapshot of the current economic situation, and says he tries to see how it fits into the citys five- or 10-year plans and The annual economic review and outlook from the City of St. Johns, released Tuesday, notes that the northeast Avalons GDP grew 4.4 per cent last year, from $13.4 billion in 2012 to an estimated $14 billion last year, buoyed by rising oil revenues. Employment, though, declined from 109,200 in 2012 to 108,000 last year, a drop of 1.1 per cent, and the labour force declined from 117,700 to 115,000 in the same period. Wage increases boosted total personal income 4.7 per cent, from $9.2 billion in 2012 to $9.6 billion last year, and the regions population went from 200,600 in 2012 to 203,600 last year, a gain of 1.1 per cent. (www.immigrantscanada.com). As reported in the news.