Business posted Jan 10, 2025 @ 06:40am by Iain Burns

Jobless rate down across Canada, but up in BC: StatCan

The Canadian economy added 91,000 jobs in December, bringing the unemployment rate down 0.1 percentage points to 6.7 per cent.

Gains were recorded in finance, education, health care and transportation, while the public sector added 40,000 jobs.

The private sector saw an additional 27,000 jobs.

<who> Photo credit: StatCan </who> The picture across Canada.

In British Columbia, however, the unemployment rate increased in December, from 5.7 per cent to six per cent.

There was a mixed picture in the province’s main cities, however:

Kelowna: 5 per cent (up from 4.7 per cent in November)
Abbotsford-Mission: 5.7 per cent (unchanged)
Vancouver: 6.3 per cent (down from 6.4 per cent)
Victoria: 3.6 per cent (down from 3.7 per cent)

Statistics Canada explained in its data release this morning: “Employment in British Columbia rose by 14,000 (+0.5%) in December. Despite the employment gain, the unemployment rate rose 0.3 percentage points to 6.0% in the month, as more people participated in the labour force.

<who> Photo credit: StatCan </who> Job gains and losses by sector in December.

“On a year-over-year basis, employment in the province was essentially unchanged.”

The full dataset from December can be accessed here.

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Business posted Jan 10, 2025 @ 06:40am by Iain Burns

Jobless rate down across Canada, but up in BC: StatCan

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