BC Unemployment Rate Drops in March 2014

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According to Statistics Canada, British Columbia’s unemployment rate dropped significantly in the month of March following more than a year of little to moderate job growth.

B.C. saw its labour force increase by 18,000 (10,000 full-time jobs and 8,000 part-time positions), pushing the unemployment rate for the province down to 5.8 per cent from 6.4 per cent.

The national unemployment rate sits at 6.9 per cent with the majority of the new jobs going to young Canadians age 15 to 24. A promising sign to those just entering the work world for the first time.

Statistics Canada’s three-month moving average unemployment rates for major cities (Previous month in brackets.)

  • Abbotsford 8.2 (8.5)
  • Vancouver 5.9 (6.2)
  • Victoria 5.2 (5.4)
  • St. John’s, N.L. 5.2 (5.3)
  • Halifax 6.4 (6.7)
  • Montreal 7.9 (8.1)
  • Ottawa 6.5 (6.5)
  • Toronto 8.0 (8.3)
  • Hamilton, Ont. 5.8 (5.9)
  • Winnipeg 5.6 (5.6)
  • Regina 3.7 (4.0)
  • Saskatoon 4.6 (4.4)
  • Calgary 5.0 (4.7)
  • Edmonton 4.8 (5.1)

 

 Young business woman via Shutterstock

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