B.C. sheds 7,700 jobs in December

It appears the B.C. job markets ended up with a lump of coal over the holiday season.

New data out Friday, Jan. 10 from Statistics Canada reveals the province lost 7,700 jobs in December — more than any other province in the nation. It’s the sixth time in seven months that B.C. had shed jobs.

article continues below

Nationwide, however, the labour force added 35,000 jobs as Ontario (+20,400 jobs) and Quebec (+21,100 jobs) made sizeable gains.

Although job numbers fell sharply on the West Coast, the unemployment rate retained the crown of Canada’s lowest at 4.8%, down 0.2 percentage points from a month earlier.

Sectors facing the biggest losses include finance, insurance, real estate, rental and leasing (-6,800 jobs), public administration (-3,600 jobs) and educational services (-3,300 jobs).

Meanwhile, construction (+9,200 jobs), health care and social assistance (+5,200 jobs) and accommodation and food services (+2,800 jobs) were the big winners last month.

“After November's across-the-board disappointment, one could be forgiven for a bit of nervousness ahead of today's report. By no means was the December report a barnburner, but neither is it too concerning,” TD senior economist Brian DePratto said in a note to investors, referring to the national figures.

“Today's data is consistent with [Bank of Canada] governor [Stephen] Poloz's remarks yesterday, where he played it cool. Some aspects of the jobs data, such as wages, have been performing well, while others, such as hours, have not been.”

© Copyright Alaska Highway News

Read more from the Business in Vancouver


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Alaska Highway News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus
Sign Up for our Newsletter!

Popular News

Lowest Gas Prices in Chetwynd, Dawson Creek, Fort Nelson, Fort St John, Tumbler Ridge
British Columbia Gas Prices provided by GasBuddy.com

Community Event Calendar

Find out what's happening in your community and submit your own local events.