Steve Flynn  RE/MAX Crest Realty- Burnaby 

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Canadian Employment (August 2023) - September 9, 2023

Canadian Employment (August 2023) - September 9, 2023

Canadian employment rose by 40,000 (0.2 per cent) in August. The Canadian unemployment rate remained flat at 5.5 per cent, pausing after having risen three prior consecutive months. Average hourly wages rose 4.9 per cent year-over-year to $33.47 in August, while total hours worked were up 2.6 per cent from August of last year.

Employment in BC rose 0.4 per cent to 2.79 million, while employment in Metro Vancouver rose 0.6 per cent to 1.58 million. The unemployment rate fell to 5.2 per cent in BC, down from 5.4 per cent in July, while falling to 5.8 per cent in Metro Vancouver. 

Copyright British Columbia Real Estate Association. Reprinted with permission.


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