Chilliwack & District Real Estate Board

British Columbia Employment Trends

The unemployment rate in British Columbia was 5.4% as of May 2024, up 0.2% from the previous month. The unemployment rate stood 7.4% below the peak from June 2020 and is below the long-run average.

There were 5,200 more full-time jobs in May 2024 compared to a month earlier. A gain of 2,200 part-time positions led to an increase of 7,400 total jobs in May.

Full-time employment has recovered since reaching a bottom in August 2023 and now stands at a record high.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

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