Barrie Jobless Rate Stabilizing

Slight Bump in Jobless Rate Still Within a Balanced Labour Market

A bit of a bump in the local jobless numbers. Barrie’s unemployment rate went up by seven-tenths to a seasonally adjusted 5.9 percent last month, the first rise in the stat since May.

Barrie Mayor Jeff Lehman says the rate has really stabilized around the five to six percent mark, which is what economists call a balanced labour market. “We’re still seeing lots of hiring,” says Lehman, “and we’re not hearing about any major business closings, which suggests the job market is staying pretty strong. “

Provincially and federally, no real change month to month, at 5.5 and 5.6 percent respectively.