Health care, social assistance sector added more than 10,000 jobs, but other key sectors lost jobs
Jobs Minister Brenda Bailey says B.C. remains an “economic driver” in Canada, but acknowledges the latest job numbers represent a “mixed big” as provincial unemployment rose by 0.3 per cent to 5.5 per cent in March.
Employment in construction, meanwhile, rose marginally in March 2024, likely a reflection of winter weather, but also still-high interest rates discouraging investments. Looking year-to-year, construction employed about 18,000 fewer people in March 2024 than in March 2023. She also expects the accommodation and food services sector to improve with higher exemptions from the Employers Health Tax and the upcoming run of major events including this year’s Taylor Swift concert in Vancouver and next year’s FIFA Men’s World Cup.
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