Canadian employment increased by 12,000 jobs in August, following essentially flat employment in July. The national unemployment rate ticked higher by 0.2 points to 7 per cent as more people actively searched for work. Total hours worked, which is strongly correlated with economic growth, increased a strong 2.1 per cent compared to August 2014. In BC, employment rose by 3,100 jobs including 16,900 full-time positions while part-time work declined by13,900. The provincial unemployment rate held steady at 6 per cent. Year-to-date, employment in BC is up 0.7 per cent compared to 2014 but has accelerated to 1.3 per cent over the past three months.
In the United States, payroll employment continues to trend a a relatively strong rate, rising by was up by 173,000 jobs while the unemployment rate held steady fell 0.2 points to 5.1 per cent, its lowest level since 2008. Over the past three months, US job growth has averaged a robust 221,000 jobs per month.
Copyright BCREA - reprinted with permission
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