BCREA: BC WAGES RISE BUT EMPLOYMENT DIPS IN JULY

REPORT: 16,000 jobs lost in BC last month — Coastal Front

Last Friday, Statistics Canada published its Labour Force Survey for July, revealing a troubling trend in BC’s labour market this year. BC lost a staggering 16,000 positions in its overall labour force during July, with the overall unemployment rate rising by 0.3 percent to a total of 5.9 percent. The number one reason cited across all industries was being terminated due to job layoffs. Ravi Kahlon, Minister of Jobs and Economic Growth, blames t…

BCREA: BC WAGES RISE BUT EMPLOYMENT DIPS IN JULY

Photo credit: bcrea.bc.ca BRITISH COLUMBIA – Canadian employment decreased by 0.2 per cent from the previous month, losing 41,000 jobs to 21.020 million in July. The employment rate fell by 0.2 points to 60.7 per cent, while the unemployment rate remained unchanged at 6.9 per cent. Average hourly wages rose 3.3 per cent year-over-year to $36.16 last month, while total hours worked were up 0.3 per cent compared to July of the previous year. Emplo…