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Business in Vancouver

British Columbia continued to have the lowest unemployment rate in the country with the jobless rate falling 0.3 percentage points to 5.6 per cent, according to Statistics Canada.
Employment rose in the province by 12,000 in July, extending an upward trend that began in the spring of 2015.
Estimated BC employment climbed to a seasonally adjusted 2.39 million people in July. That is up 0.5 per cent, or 12,100 people, from June and 3.7 per cent from a year ago.
Canadawide, it was not as rosy a picture.
After three months of little change, employment declined by 31,000 people, or by 0.2 per cent, in July. The unemployment rate nationwide increased 0.1 percentage point to 6.9 per cent.
Stateside, the US Labour Department also released job numbers for July.
Employment there was substantially above what experts had been predicting. The US economy added 255,000 jobs, according to the Labour Department.
The US unemployment rate held steady at 4.9 per cent and the participation rate inched higher to 62.8 per cent while the number of those considered not in the labour force fell 184,000 people to 94.3 million people.
US stock markets rose on the news and pundits were predicting that the news may increase the chance that the US Fed will raise interest rates before the November US election. The likelihood of that happening, however, is still considered to be less than 50 per cent.
The Canadian dollar fell by about one cent US on the weak employment data. The loonie was worth about US$0.7585 at press time.


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British Columbia continues to have lowest unemployment rate in Canada

Employment was up in the US but down in Canada, according to new data. Photo: Shutterstock

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BC unemployment rate declines 0.3 percentage points to 5.6 per cent but unemployment across Canada is up


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British Columbia continues to have lowest unemployment rate in Canada

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}BC unemployment rate declines 0.3 percentage points to 5.6 per cent but unemployment across Canada is up

BC unemployment rate declines 0.3 percentage points to 5.6 per cent but unemployment across Canada is up