Across the country, over 30,000 jobs were lost in March alone and the unemployment rate rose to 6.7 per cent.
It all comes during a time when the world is still understanding the impact of American tariffs.
“Right now there’s just a lot of uncertainty out there,” said Richard Mueller, a professor in the department of economics at the University of Lethbridge.
“I was watching the DOW close five and a half percentage points less than yesterday,” he said on Friday.
While the markets react and thousands lose their jobs, Lethbridge managed to grow its employment while simultaneously growing its unemployment rate.
“The unemployment rate went up slightly, from 5.0 per cent to 5.1 per cent, which says more people are unemployed, but in fact, last month we added 400 jobs to the Lethbridge region,” said Trevor Lewington, CEO of Economic Development Lethbridge.
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“The reason the unemployment rate went up, even though more people are employed, is …