BCREA: August Canadian Employment Report

September 13, 2021

BRITISH COLUMBIA – Canadian employment grew for the third consecutive month in August, rising by 90,000 to 18.97 million (0.5 per cent, m/m).

Most Canadian jurisdictions had fully implemented public health reopening plans by the time Statistics Canada conducted surveys, while tourists from the United States were allowed to enter Canada without quarantining for the first time since the pandemic began.

As a result, Statistics Canada is reporting positive employment figures for the month across most indicators. Canadian employment is now -0.8 per cent (-156k) below its February 2020 pre-pandemic level, the highest level since the onset of the pandemic.

In August, Canadian employment growth was driven by gains in the private sector and the services sector, especially in food & accommodation and information, culture and recreation sectors. Gains were broadly distributed across demographic groups.

The Canadian unemployment rate declined by 0.4 to 7.1 per cent, the lowest level since the onset of the pandemic.

In BC, employment grew by 14,400 to 2.67 million (0.5 per cent, m/m), once again hitting the highest level since the pandemic began. For the third consecutive month, British Columbia was the sole province with employment above its pre-pandemic level.

The unemployment rate declined by 0.4 in August to 6.2 per cent, the lowest level since the pandemic began. BC has the third lowest unemployment rate in Canada, following Manitoba and Quebec.

BCREA

 

BUSINESS EXAMINER NEWSLETTER

BUSINESS EXAMINER NEWSLETTER

Direct access to our top content, weekly Movers & Shakers, e-magazines, and more.

You have Successfully Subscribed!

Share This