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B.C.'s job market slumps with 10K positions lost in June

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Unemployment rate ticks downward as more British Columbians leave workforce.

West Coast employment fell by 9,700 positions in June, according to Statistics Canada data released on Friday.Unemployment fell by 0.4 percentage points to 5.2 per cent, indicating more British Columbians are leaving the workforce altogether.

CIBC senior economist said in a note there are few signs of population growth slowing and that the recent trend of job growth falling short of population is likely to continue for a few more months.

 

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