Our latest economic report card, not worth bragging about.
British Columbia, losing nearly 35,000 jobs last month, according to the latest Stat Canada Labour Force survey.
“It’s not nearly as strong as the type of job prints we were seeing over the last 18 months or so. But it is reflective of an economy that is slowing down and it starting to grow more in line with its underlying potential right now. And that’s effectively what this jobs report is showing as well.”
Bank of Montreal Economist, Robert Kavcic, who notes that only as a result of fewer folks looking for work last month, did the B.C unemployment rate drop a notch, to 4.7%.
Kamloops joblessness was sharply higher, at 10.8%, compared to 7.6% for the same month a year ago.
The nation wide unemployment rate, 5.8%, from 5.9 in January.