B.C. loses 1,100 jobs in October

But province’s unemployment rate remains lowest in Canada

B.C.’s white-hot economy took a breather in October as the province shed 1,100 jobs compared with the previous month.

The unemployment rate, however, fell one tick to 4.1 per cent as fewer people sought work, according to Statistics Canada data released Nov. 2.

article continues below

B.C.’s unemployment rate is the lowest in the country, followed by Quebec at 5.2 per cent.

Ken Peacock, chief economist at the Business Council of B.C., told BIV on Oct. 29 that B.C.’s low jobless rate could put pressure on employers to boost wages amid an increasingly competitive job market.

The nation as a whole added 11,200 jobs in October compared with the 63,300 jobs added a month prior.

“While the economy managed to add jobs on net, and full-time ones at that, these gains are all due to self-employment — not necessarily a bad thing, but hardly a picture of strength,” TD senior economist Brian DePratto said in a note to investors.



Click here for original story.

Read Related Topics


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Vancouver Courier welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Vancouver Courier

Sign Up For Our e-Newsletter!
Find the Vancouver Courier Newspaper