Real Estate Board of Greater Vancouver

Vancouver Employment Trends

The unemployment rate in Vancouver was 5.7% as of May 2024, up 0.4% from the previous month. The unemployment rate stood 7.8% below the peak from June 2020 and is below the long-run average.

There were 2,200 more full-time jobs in May 2024 compared to a month earlier. A loss of 4,000 part-time positions led to a decrease of 1,800 total jobs in May.

Full-time employment has recovered since reaching a bottom in April 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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