British Columbia leads Canada in job growth: Statistics Canada
B.C. has the highest rate of job growth and the lowest unemployment, according to October’s Labour Force Survey, but critics warn it's mostly low-paying work.
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British Columbia has the highest rate of job growth and the lowest unemployment rate in Canada, according to the latest numbers from Statistics Canada.
October’s Labour Force Survey, released Friday, says employment in B.C. increased by 15,000 last month.
Full-time jobs increased by 8,800 and the province created 6,200 more part-time jobs in October.
Year-over-year, Statistics Canada said B.C. has led the country in employment growth, 2.4 per cent, with 56,000 new jobs.
Where those jobs are coming from tell a different story in the year-over-year numbers than the monthly snapshot.
Full-time job creation may have outpaced part-time positions in October, but most of the job growth in the province from October 2015 to October 2016 have mostly consisted of part-time jobs.
There has been an increase of 41,300 part-time jobs over the past year, compared to 14,300 full-time positions.
That figure in particular has the B.C. Federation of Labour concerned.
“The trend is worrisome,” said federation president Irene Lanzinger in a statement Friday. “That three out of every four jobs are part-time and temporary is alarming. It shows that overall, B.C.’s economy and job growth continue to be weak.”
Lanzinger said many of those part-time jobs are low-paying and won’t support families living in the country’s most expensive province.
While the province’s unemployment rate increased by half a per cent overall, Statistics Canada says that was a result of more people entering the work force and looking for jobs.
The labour force grew to 2,558,200 people from 2,529,400 in September.
Despite the increase, B.C.’s unemployment rate of 6.2 remains the lowest in Canada.
Unemployment rates in Canada:
6.2 - British Columbia
6.4 – Ontario
6.4 – Manitoba
6.8 – Quebec
6.9 – Saskatchewan
7.6 – Nova Scotia
8.5 – Alberta
10 – New Brunswick
11.7 – Prince Edward Island
14.9 – Newfoundland and Labrador
-Source: Statistics Canada’s Labour Force Survey, Oct. 2016