April 9, 2021 – CBC PEI: PEI’s unemployment rate dropped more than a percentage point in March, continuing a seesaw that started at the beginning of the year. The rate fell 1.1 percentage points to 8.1 per cent, according to a Statistics Canada data release Friday.
The Island’s jobless rate dipped below 10 per cent in December for the first time since the start of the COVID-19 pandemic in March 2020, then plummeted to 7.9 per cent in January, before jumping back up to 9.2 per cent in February.
Among the provinces, PEI’s unemployment rate comes in about the middle. It is the lowest in Atlantic Canada and also better than Alberta’s.
Nationally, the unemployment rate fell to 7.5 per cent despite slowdowns tied to a strong new wave of COVID-19 case.
Read the full CBC PEI story by Kevin Yarr here