Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

Categories

Canadian and US Employment - February 5, 2016

Employment in Canada was essentially unchanged in January with the total number of employed Canadians dipping by 5,700 people. The national unemployment rate edged slightly higher from 7.1 to 7.2 per cent while the total number of hours worked, which is closely correlated with GDP growth, was up 1.2 per cent over the past 12 months.

In BC, employment grew by a modest 1,200 job to break a string of two consecutive months of monthly job losses. Full-time employment was up an impressive 10,700 jobs while part-time work declined by 9,500. The provincial unemployment rate fell 0.1 points to 6.6 per cent. 

In the US, payrolls growth in January came in below expectations, rising by 151,000 jobs, well below the nearly 300,000 jobs per month pace of the past three months. The US unemployment rate edged down 0.1 points to 4.9 per cent.   



Copyright British Columbia Real Estate Association. Reprinted with permission.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.