B.C. Continues to Lead Canada in Job Growth
Prince George, B.C. – The August job numbers have just been released and when it comes to job creation, British Columbia remains head of the class when compared to its provincial peers.
Vincent Ferrao, labour analyst with Statistics Canada, says the province has seen “strong employment growth over the last 12 months.”
“Employment has grown by 3.1% which represents 73,000 more people. The unemployment rate is at 5.5% (August)- that’s down by .7% from a year ago,” he says. “So the employment growth is the strongest among the 10 provinces and the unemployment rate is the lowest among the 10 provinces.”
He says job growth in Prince George though has remained “stable” with an unemployment rate of 6.6% last month compared to 7.7% a year ago.
Despite the drop there were still 200 fewer people employed last month – 48,000 people compared to 48,200 in August, 2015.
Ferrao says there wasn’t much change in the Cariboo either where the unemployment rate was 7.7% compared to 7.8% the year before. He says 79,800 people were working last month compare to 80,000 a year ago.
Federally, the unemployment rate remained unchanged year over year at 7%. He adds the number of jobs grew by just .4% over that time which translated into 77,000 more jobs.
“So you notice the big discrepancy between B.C. and Canada,” says Ferrao. “It’s been like that for some time now.”