B.C. loses 13,700 jobs in November

VICTORIA — British Columbia lost 13,700 jobs in November but gained 8,800 full-time positions, according to Statistics Canada’s Labour Force Survey.

It was one of five provinces that saw an employment decrease through November.

Minister of Jobs, Economic Recovery and Innovation Ravi Kahlon said the decline was “driven by losses in part-time positions,” in a news release.

“This reflects the impact of the Bank of Canada’s interest-rate hikes to fight global inflation. Despite global economic uncertainty, B.C. continues to be well-positioned among our provincial and territorial peers with one of the lowest unemployment rates in Canada (4.4 per cent), near historic lows for B.C.,” he said.

With an economic recovery rate of 104 per cent, B.C. is considered a leader in Canada, said Kahlon.

He said there are now 105,000 more people employed in the province than there was pre-pandemic.