February Labour Force Survey results
March 11, 2024
“In the face of high interest rates and slower global economic growth, B.C. held steady in February with a growth of 5,900 jobs and a gain of 70,900 jobs since February 2023. B.C. has added the second-most private-sector jobs of any province since February 2023 at 22,400.
“Our unemployment rate decreased to 5.2%, one of the lowest among provinces and below the national average.
“Today, on International Women’s Day, we renew our commitment to taking action for gender equity. This month, women’s employment increased by 3,800 and more women are employed full-time in B.C. now than at any time.
“From 2017 to 2023, women’s employment across all sectors increased by more than 120,000. Since July 2017, the number of women in full-time employment in B.C. has increased by 13.4%, demonstrating the importance of government’s action to provide more affordable child care. These numbers show a positive trend of women’s participation in the workforce overall, with a significant contribution to B.C.’s economy.
“When we look at today’s Labour Force Survey data, increases in information, culture and recreation (+7,300), and construction (+3,600) are encouraging, as our film sector gains back momentum and building housing continues to be a top priority. B.C.’s average hourly wage is $36.46, the highest among provinces.
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