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.
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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