B.C. job growth went from slow-down mode in July to an all-out gutting in August, according to data released Friday by Statistics Canada.
The economy shed 28,100 jobs last month after months of consecutive job growth that put the squeeze on the labour market. While the province managed to add 3,700 part-time jobs, it lost 31,900 full-time jobs.
Canada as a whole lost 39,700 jobs last month, while unemployment dropped 0.5 percentage points to 5.4 per cent. Retail/wholesale jobs in B.C. declined by 15,000 in August, followed by losses in the business, building and other support services bucket [-6,500 jobs] and educational services [-5,200 jobs]. The biggest gains came in the aforementioned construction industry and what Statistics Canada describes as the “other services” bucket [+5,500 jobs].
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