Fraser Valley Employment Trends
The unemployment rate in the Fraser Valley was 4.5% as of March 2024, up 0.2% from the previous month. The unemployment rate stood 5.5% below the peak from March 2012 and is below the long-run average.
There were unchanged full-time jobs in March 2024 compared to a month earlier. A gain of 1,400 part-time positions led to an increase of 1,400 total jobs in March.
Full-time employment was still down 4,300 jobs from the peak in August 2022 but stood 4,800 jobs above the trough in May 2023.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.