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Unemployment drops to 4.9 per cent

The city's unemployment rate stood at a rock-bottom 4.9 per cent in October, according to Statistics Canada labour market survey numbers released Friday. That's down from an already low 5.2 per cent in September.

The city's unemployment rate stood at a rock-bottom 4.9 per cent in October, according to Statistics Canada labour market survey numbers released Friday.

That's down from an already low 5.2 per cent in September.

Oddly, the number of people holding down jobs also declined, by 400 to 51,000, as the number of people of working age not seeking work rose by 700 to 17,100. Concurrently, the number of people seeking work declined by 200 to 2,600.

It was also an unprecedented eighth straight month the total employed in Prince George stayed above the 50,000 mark. The previous longest stretch was six months, ending in December 2012 and peaked in September 2012 at 52,500, the highest in the city's history.

The picture is also better than it was a year ago, when the unemployment rate was 5.8 per cent, 49,000 people were working, 3,000 were looking for work and 18,600 were not participating.

The figures are based on a three-month rolling average and do not say how many are working full-time and part-time.