Canadian Employment (October 2023) - November, 2023
Canadian employment rose by 17,500 (0.1 per cent) in October. The Canadian unemployment rate jumped to 5.7 per cent, following three consecutive months at 5.5 per cent. Average hourly wages rose 4.8 per cent year-over-year to $34.08 in October, while total hours worked were up 2.1 per cent from October of last year.
Employment in BC dipped 0.1 per cent to 2.81 million, while employment in Metro Vancouver fell 0.3 per cent to 1.61 million. The unemployment rate was unchanged in both areas at 5.4 per cent in BC and 5.8 per cent in Metro Vancouver.
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