Kamloops and District Real Estate Association

British Columbia Employment Trends

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

There were 1,600 more full-time jobs in January 2024 compared to a month earlier. A gain of 5,700 part-time positions led to an increase of 7,300 total jobs in January.

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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