BC Labour Force Snapshot – August 2023

How did British Columbia’s labor market perform in August? The province’s unemployment rate is down 0.2% from July, totalling 5.2%. The labor force expanded by 8,300 individuals, and employment increased by 12,000 jobs, resulting in an increase of 42,100 jobs compared to the same period last year.

There was a rise of 36,200 part-time positions and a decline of 24,200 full-time roles compared to July. Notably, full-time employment saw positive growth in the 15 to 24 age group, while declining for those aged 25 to 54 (-23,700) and 55 an over (-13,800).

While employment decreased in the private sector (-6,000) it increased in the public sector (+15,300), with the number of self-employed individuals increasing by 2,600 compared to July.

Read more about the #BritishColumbia labour market at www.gov.bc.ca and follow MatchBox on LinkedIn for more interesting industry updates 🔔