BCREA ECONOMICS NOW – Canadian and US Employment – April 4, 2014
Total employment in the Canadian economy increased by 43,000 jobs in March, and has grown by 190,000 jobs over the past 12 months. The Canadian unemployment rate ticked 0.1 points lower to 6.9 per cent.
The BC labour market gained an impressive 18,300 jobs in March, the highest monthly job gains in over two years. The majority of the gains were in full-time employment. The provincial unemployment rate fell 0.6 points to 5.8 per cent, the lowest monthly unemployment rate since December 2008.
In the United States, payrolls grew by 192,000 jobs, February and January employment was revised higher by a combined 37,000 jobs. The US unemployment rate was unchanged at 6.7 per cent. Over the past three months, job growth has averaged 178,000 in the United States.
Copyright British Columbia Real Estate Association. Reprinted with permission. BCREA makes no guarantees as to the accuracy or completeness of this information.The British Columbia Real Estate Association (BCREA) is the professional association for more than 18,500 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.