Canadian Employment (September 2022) - October, 2022

Canadian employment rose by 21,000 (0.1 per cent) to 19.547 million in September, after falling for the prior three months. The Canadian unemployment rate fell by 0.2 to 5.2 per cent, hovering just above all-time lows, as fewer Canadians looked for work in September. Average hourly wages were up 5.2 per cent from this time last year. Wage gains remain below the inflation rate, however, which hit 7 per cent year-over-year in the most-recent data. Total hours worked were up 2.4 per cent year-over-year.

Employment in BC jumped by 1.2 per cent to 2.752 million in September, while Metro Vancouver's employment rose by 0.5 per cent month over month. BC's unemployment rate fell sharply in September to 4.3 per cent, with Metro Vancouver falling to 4.5 per cent. Among the provinces, only Saskatchewan currently has a lower unemployment rate. 

Link: https://mailchi.mp/bcrea/canadian-employment-september-2022

For more information, please contact: Gino Pezzani.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.