Real Estate Board of Greater Vancouver

Vancouver Employment Trends

The unemployment rate in Vancouver was 5.6% as of February 2024, down 0.2% from the previous month. The unemployment rate stood 7.9% below the peak from June 2020 and is below the long-run average.

There were 3,100 more full-time jobs in February 2024 compared to a month earlier. A loss of 1,300 part-time positions led to an increase of 1,800 total jobs in February.

Full-time employment has recovered since reaching a bottom in December 2022 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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