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VICTORIA – All regions of the province are now in single digit unemployment numbers, a situation Labour Minister Graham Bruce said has not been seen for decades.
“With several months of steady employment growth behind us, the trend is clear,” Bruce said. “Our economy is in full recovery mode.”
The overall unemployment rate at 6.4 per cent is at its lowest rate since Aug. 1981. Youth unemployment stood at 11.4 per cent in November – the lowest since August 1990. In April 1994 overall unemployment reached 10 per cent and in June of 1998, youth unemployment hit a peak of 19.4 per cent.
The Northeast has the best job prospects. In fact, Statistics Canada said today that the unemployment rate in the region is now so low that it cannot be measured accurately.
British Columbia has added more than 180,000 jobs since December 2001 and 45,000 jobs since last November. The construction industry continues to lead the way in job creation with employment increasing by 62,300 since 2001. In addition, the professional, financial and manufacturing sectors have all seen strong employment growth.
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