B.C. unemployment rate among the best in Canada

By Doug Collins/The Canadian Press
September 8, 2017 - 6:07am

OTTAWA —  B.C.'s unemployment rate continues to be among the best in Canada. August figures out today show the B.C. rate sitting at 5.1 percent, down two-tenths of a point from the 5.3 percent in July.

Manitoba has the best rate in the country, at 4.9 percent, down a tenth of a point from last month.

Overall, Canada's labour market posted its ninth-straight month of job gains in August to give the economy its longest monthly growth streak since before the financial crisis nine years ago.

    Statistics Canada says last month's increase of 22,200 jobs also helped nudge the unemployment rate down from 6.3 per cent in July to a nine-year low of 6.2 per cent.

    Much of the work was the less desireable part-time work as opposed to full time jobs, which actually dropped by 88,000 jobs. 

    The agency says most of the decline in full-time work was concentrated among young Canadians aged 15 to 24 years old, who also showed a notable decrease last month in labour force participation.

 

BC Liberal takes Speaker's chair

Join the Discussion

We are happy to provide a forum for commenting and discussion. Please respect and abide by the house rules: Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. See full commenting rules.