Canadian Employment (December 2023) - January 5th, 2024
Canadian employment was nearly unchanged from the prior month in December at 20.313 million. The Canadian unemployment rate also held steady at 5.8 per cent. Average hourly wages rose 5.4 per cent year-over-year to $34.45 in December, while total hours worked were up 1.7 per cent from December of last year.
Employment in BC rose 0.6 per cent to 2.84 million, while employment in Metro Vancouver rose 0.6 per cent to 1.62 million. The unemployment rate rose 0.3 points in BC to 5.6 per cent while rising in Metro Vancouver at 6.2 per cent in December.
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