BC's Unemployment Rate Falls to 5.8% - Now Lowest in Canada (April 2016)Friday, May 6, 2016
Vancouver, BC, May 6, 2016--(T-Net)--In April, employment increased by 13,000 in British Columbia, and the unemployment rate fell 0.7 percentage points to 5.8%—the lowest rate among the provinces, according to Statistics Canada's Labour Force Survey for April 2016.
This is the first time that British Columbia has had the lowest unemployment rate among all the provinces since comparable data became available in 1976.
On a year-over-year basis, employment in the province was up 110,000 (+4.9%).
A strong upward trend was observed throughout the 12 months, driven by growth in wholesale and retail trade, health care and social assistance, and construction.
Editor's Note: Umm - and probably some tech industry growth...
See the full report here.
About Statistics Canada
Statistics Canada produces statistics that help Canadians better understand their country—its population, resources, economy, society and culture. Objective statistical information is vital to an open and democratic society. It provides a solid foundation for informed decisions by elected representatives, businesses, unions and non-profit organizations, as well as individual Canadians. In addition to conducting a Census every five years, there are about 350 active surveys on virtually all aspects of Canadian life.
Photo Credit: City of Vancouver
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