Friday, April 19, 2024

Victoria officially has the lowest unemployment rate in Canada (REPORT)

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Numbers don’t lie!

When it comes to encouraging employment, Victoria is ahead of the country (and tied with Québec City) at 3.9%, according to Statistics Canada’s latest report.

0.3% more of the city’s labour force is employed in May, in comparison to April 2018.

Among over 35 other major cities across the country included in the study, St. John’s Newfoundland has the highest unemployment rate, at 8.7%. In B.C., that title goes to Kelowna, with a jobless rate of 5%.

Overall, Canada’s unemployment rate is unchanged for the fourth consecutive month, at 5.8%. Although 31,000 full time jobs were lost during the month of May, that number was balanced off with an increase in part time job creation.

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Brishti Basu
Former Senior Staff Writer and Content Manager at Victoria Buzz.

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