Greater Victoria unemployment for March hits ultra-low 3.2 per cent

Canada News News

Greater Victoria unemployment for March hits ultra-low 3.2 per cent
Canada Latest News,Canada Headlines
  • 📰 timescolonist
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 75%

The capital region’s rate was second only to Quebec City at just 1.7 per cent.

Greater Victoria’s unemployment rate is the second-lowest in the country — something that will not come as a surprise to the many sectors begging for workers.

The number of people working in construction rose to 18,500 in March, from 17,300 the same month last year. Health-care and social-assistance employment climbed to 35,300 last month, from 33,700 a year earlier.Declines were seen in public administration, where employment dropped to 25,100 last month from 29,200 a year ago.

Brenda Bailey, B.C. Minister of Jobs, Economic Development and Innovation, said so far this year, the province has added 14,300 jobs, of which 5,300 are in the private sector. Nationally, Canada’s economy added 35,000 jobs in March amid strong population growth, keeping the unemployment rate steady at near record lows. The unemployment rate came in at five per cent for the fourth consecutive month.

Statistics Canada says the population grew by 0.3 per cent last month, while employment rose by 0.2 per cent. The Canadian labour market has been tight for months, despite high interest rates raising the cost of borrowing for people and businesses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

timescolonist /  🏆 15. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Greater Victoria unemployment for March hits ultra-low 3.2 per centGreater Victoria unemployment for March hits ultra-low 3.2 per centThe capital region’s rate was second only to Quebec City at just 1.7 per cent.
Read more »

Serré: Budget 2023 a win for Nickel Belt-Greater SudburySerré: Budget 2023 a win for Nickel Belt-Greater SudburyNickel Belt MP highlights a number of items from the budget including grocery rebates, health care and the clean economy
Read more »

Return of the hot housing market: More homes selling for over list price in MarchReturn of the hot housing market: More homes selling for over list price in MarchForty-four per cent fewer listings in March compared to last year sparked new competition in the GTA housing market, shows latest real estate board report.
Read more »

Toronto housing market shows signs of rebounding, prices up in MarchToronto housing market shows signs of rebounding, prices up in MarchVolume of sales rose by 44 per cent from February to March and the home price index rose by 2.5 per cent to $1,118,500 over the same period
Read more »

Richmond Hill home prices jump 4.3 per cent to $1.45 million (March 2023)Richmond Hill home prices jump 4.3 per cent to $1.45 million (March 2023)The average price for a home in Richmond Hill was $1.45 million in March 2023, according to the Toronto Regional Real Estate Board. That’s up 4.3 per ...
Read more »

Statistics Canada to release March jobs report this morning - BNN BloombergStatistics Canada to release March jobs report this morning - BNN BloombergStatistics Canada is set to release March employment data this morning.
Read more »



Render Time: 2025-03-01 17:34:57