BC Labour Force Snapshot – May 2023

How did British Columbia’s labour market perform in May? The province’s unemployment rate remained steady at 5.0%, positioning itself as the fourth lowest in Canada. The labour force expanded by 1,800 individuals, and employment grew by 1,400 jobs, resulting in a significant increase of 27,800 jobs compared to the same period last year.

There was a rise of 4,300 full-time positions and a decline of 2,800 part-time roles compared to April. Notably, full-time employment saw positive growth in the 25 to 54 and 15 to 24 age groups, while declining among those aged 55 and over.

The public sector saw a notable increase in employment, adding 15,500 jobs, while the private sector experienced a decrease of 16,900 positions, with the number of self-employed individuals rising by 2,800 compared to April.

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