Canadian and US Employment

The Canadian economy gained 22,000 jobs in November, while the unemployment rate held steady at 6.9 per cent. For all of 2013, employment growth has averaged 13,400 jobs per month.

In BC, employment declined once gain, falling by 8,200 in November as both part-time and full-time work saw job losses. The provincial unemployment rate rose by 0.2 points to 6.7 per cent. Year-to-date, the total level of employment has decreased 0.2 per cent.

In the United States, the economy seems to be gathering significant momentum. Not only was third quarter Real GDP growth revised higher to 3.6 per cent, but non-farm payrolls grew by 203,000 jobs while the unemployment rate ticked lower to 7 per cent.

Copyright BCREA - reprinted with permission