Canada’s latest economic data is drawing mixed reviews here in B.C.
Statistics Canada noting that since last summer our province’s job growth has stalled – although according to C.I.B.C. economist Avery Schenfeld, it’s not necessarily the result of the change in government.
“We are seeing that some provinces are becoming a victim of their own success. Provinces like B.C. and Ontario have very low unemployment rates..there just simply aren’t that many additional workers around to bring to the labour market and that is going to apply over time to a slower growth rate, not only for B.C. but also the country as a whole.”
B.C.’s unemployment rate is still the lowest in the nation at 4.7 per cent. The Canada wide figure is also unchanged at 5.8 despite the addition of 32 thousand mostly full time jobs last month. The Kamloops unemployment rate however is down a half a point to 10.3 per cent.