BC Labour Force Snapshot – March 2024

How did British Columbia’s labor market perform in March? The province’s unemployment rate is up 0.3% from February, totaling 5.5%., and up 0.9% from 12 months ago. The labor force increased by 18,800 individuals, and employment increased by 6,600, while over the past year they increased by 108,600 and 75,000.

There was a rise in full-time roles (+20,100) and a decline in part-time positions (-13,700), compared to February. Employment decreased in the private sector (-18,100) while increasing in the public sector (+2,700), with the number of self-employed individuals increasing by 21,900.

British Columbia held a 5.5% unemployment rate, ranking 4th lowest in Canada. Quebec and Manitoba tied for the lowest rate at 5.0%, with Saskatchewan close behind at 5.4%. Nova Scotia held 5th place at 6.2%, followed by Alberta at 6.3%, and Ontario at 6.7%.

Read more about the #BritishColumbia labour market at www2.gov.bc.ca and follow MatchBox on LinkedIn for more interesting industry updates 🔔