Greater Victoria unemployment rate rose in August

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Greater Victoria unemployment rate rose in August
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Provincially, the unemployment rate also inched up to 4.8 per cent last month, while the national unemployment rate was 5.4 per cent in August, ticking up for the first time in seven months

Greater Victoria’s unemployment rate climbed to 4.9 per cent in August from 4.3 per cent in July, as the province’s unemplyment rate also inched up.

Other sectors saw increases in job numbers — the construction sector had 20,200 workers in August compared with 18,900 in July. In July, the unemployment rate was 4.9 per cent, the lowest rate since comparable data first became available in 1976. CIBC said the loss of 50,000 jobs in education likely represents seasonal challenges and may reverse later.

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