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Canadian employment posted a second straight month of strong growth, adding 56,000 jobs in February. Overall, total employment was up 2 per cent over the past 12 months, with gains concentrated in full-time work. The national unemployment rate held steady at 5.8 per cent.
In BC, employment grew by 3,600 jobs in February, most of which were full-time jobs. On a year-over-year basis, employment was up 2.8 per cent. The provincial unemployment rate moved 0.2 points lower to 4.5 per cent, the lowest rate of unemployment in Canada.
Copyright British Columbia Real Estate Association. Reprinted with permission.
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