The provincial economy remains strong with an unemployment rate of 4.4 per cent, despite concerns of a slowing economy, giving job seekers attending hiring fairs plenty of options. (Black Press file photo)

Greater Victoria unemployment rate remains below provincial, national average

Only Kelowna has a tighter labour market in British Columbia

The economy around the capital added 1,000 jobs in December 2018 compared to the previous month as the south Island region’s unemployment rate dropped to 3.6 per cent from 3.8 per cent in November, according to Statistics Canada.

RELATED: Health care, scientific jobs top B.C. employment forecast

This figure means that Greater Victoria’s unemployment rate remains below the provincial average of 4.4 per cent, unchanged from November 2018, and below the national average of 5.7 per cent.

British Columbia’s unemployment rate as recorded in December was the lowest in Canada. Ontario had the second lowest unemployment rate (5.4 per cent), followed by Quebec (5.5 per cent), Saskatchewan (5.6 per cent) and Manitoba (six per cent). Alberta (6.4 per cent) had the sixth-lowest unemployment rate.

Comparing Greater Victoria to other parts of the province, only the Kelowna CMA recorded a lower unemployment rate with 3.3 per cent. Vancouver (4.4 per cent) and Abbotsford (4.5 per cent) followed. Looking across Canada, Guelph, Ont., boasted the tightest job market with an unemployment rate of 2.3 per cent, down from three per cent, followed by Kelowna and Victoria.

RELATED: Victoria real estate market approaches balanced condition

Looking at specific industries, construction recorded most of the province-wide gains, followed by resource-extraction industries and construction. Utilities, agriculture, health care, and social assistance were sectors losing jobs. Also losing jobs were the finance, insurance, real estate, rental and leasing sectors, with job losses reaching 2,200.


Like us on Facebook and follow us on Twitter

wolfgang.depner@saanichnews.com

Just Posted

Ratfish generates social media buzz on Vancouver Island

Boneless, glowing creature a common bycatch, but it usually stays in deep waters – fish expert

B.C. storm totals $37M in insured damages

The December storm wreaked havoc on B.C.’s south coast

North Cowichan will host new permanent rowing centre starting October 2020

Saanich’s bid for national rowing centre at Elk Lake sunk

Unhappy Nanaimo council wants action on troubled supportive housing project

Residents point to a lack of safety and security in the neighbourhood

Trudeau says politicians shouldn’t prey on Canadians’ fears

The Prime Minister was speaking at a townhall in Ontario

Hamilton, Ont. rock band the Trews performs at the Nanaimo’s Port Theatre

Group recently released first record in four years, ‘Civilianaires’

Chiasson nets shootout winner as Oilers edge Canucks 3-2

Edmonton moves one point ahead of Vancouver

B.C. chief says they didn’t give up rights for gas pipeline to be built

Hereditary chief: no elected band council or Crown authority has jurisdiction over Wet’suwet’en land

Condo rental bans may be on way out with B.C. empty home tax

Many exemptions to tax, but annual declarations required

UPDATE: B.C. boy, aunt missing for three days

The pair are missing from Kamloops

Daredevil changes game plan to jump broken White Rock pier

Brooke Colby tells council daredevil event would help boost waterfront business

Liberal bows out of byelection after singling out Jagmeet Singh’s race

Karen Wang says she made comments online that referenced Singh’s cultural background

Most Read