Canadian Employment (April 2023)
Canadian employment rose slightly to 20.13 million in April, up by 41,400 (0.2 percent). The Canadian unemployment rate held steady at 5 percent, unchanged since December. Employment gains were concentrated in wholesale and retail trade (+24,000); transportation and warehousing (+17,000); and information, culture, and recreation (+16,000). Average hourly wages were up 5.2 percent from April of last year.
Employment in BC was little changed in April, rising 0.1 percent to 2.78 million, while declining by 0.1 percent in Metro Vancouver to 1.564 million. The unemployment rate rose to 5 percent in BC and to 5.4 percent in Metro Vancouver. The rise was driven both by a rise in labor force participation, but also an increase in the number of unemployed workers.
Source - BCREA
