Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

Categories
RSS

Canadian Employment - September 9, 2016

Canadian employment increased by 26,000 jobs in August, led by a jump in full-time employment. In spite of strong job growth, the national unemployment rate moved 0.1 points higher to 7 per cent due to a large increase in labour market participation. Total hours worked, which is highly correlated with economic growth, was down 0.4 per cent compared to this time last year as the impact of a second quarter contraction in GDP lingers in the labour market. 

In BC, employment declined by 6,600 jobs, only the second monthly decline in employment all year.  Despite the decline, the provincial unemployment rate remained the lowest in the country at 5.5 per cent and provincial job growth year-to-date is the strongest in the country at 3.1 per cent. 



Copyright British Columbia Real Estate Association. Reprinted with permission.




Comments:

No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.