Greater Victoria recorded an unemployment rate of four per cent in June 2019. (Black Press File).

New figures from Statistics Canada show a rise in Greater Victoria’s unemployment rate

Regional unemployment in June 2019 rose to four per cent

New figures from Statistics Canada show a rise in the regional unemployment rate.

Unemployment in the Victoria Census Metropolitan Area (CMA) reached four per cent in June 2019 — up from 3.6 per cent in May 2019. While it is not clear what caused the increase, one clue might be the higher participation rate of the regional work force. It rose to 63.2 per cent from 62.5. By way of background, the participation rate measures the share of employed and unemployed people as a percentage of the population. This figure suggests that Victoria’s hot labour market has encouraged more people to enter the workforce with the consequence for the unemployment rate, which economists calculate by dividing the number of unemployed people by the number of people in the labour force.

In other words, the regional unemployment might have risen, because more people were looking for work.

RELATED: Greater Victoria records lowest unemployment rate in Canada for April

This rise, however, requires perspective. Victoria’s regional unemployment remains the lowest among B.C.’s four CMAs. It ties with Vancouver’s rate and remains ahead of Kelowna (4.4 per cent) and Abbotsford-Mission (5.4) per cent.

By way of background, the provincial unemployment rate is 4.5 per cent.

Nationally, the unemployment rate rose 0.1 per cent to 5.5 per cent as the number of people looking for work increased, according to Statistics Canada, with the Quebec City recording the lowest unemployment rate among Canada’s CMA with 2.4 per cent.

Looking at specific groups, unemployment among people aged 55 has edged down, while unemployment among people in the “core” working ages of 25 to 54 has edged up year-to-year. This increase in unemployment has been especially evident among men in that age, as their unemployment stands at 5.1 per cent, up 0.4 per cent.


Like us on Facebook and follow us on Twitter

wolfgang.depner@saanichnews.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Coroner called to workplace death in Victoria

VicPD says traffic impacts expected in 800-block Government Street and adjacent roads

Saanich explores options for adding shelters to parks

Covered areas would encourage safe outdoor socializing during rainy season

VicPD seeking help in recovering stolen scooter of B.C. Special Olympics athlete

The scooter was stolen from outside Hillside Mall on Sept.21

Oak Bay sailor stranded in U.S. hospital after suffering massive stroke at sea

Glenn Wakefield’s rescue involved five airplanes and took more than 48 hours

First fall storm expected to hit Greater Victoria tonight

Heavy rainfall, winds expected over the next several days

B.C. reports 96 new COVID-19 cases, one hospital outbreak

61 people in hospital as summer ends with election

B.C.’s top doctor says she’s received abuse, death threats during COVID-19 response

Henry has become a national figure during her time leading B.C.’s response to the COVID-19 pandemic

BC Liberals must change gears from election cynicism, focus on the issues: UBC professors

COVID-19 response and recovery is likely to dominate platforms

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

B.C. could be without a new leader for multiple weeks after Election Day: officials

More than 20K mail-in voting packages were requested within a day of B.C. election being called

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

POLL: Do you plan on allowing your children to go trick or treating this year?

This popular annual social time will look quite different this year due to COVID-19

Majority needed to pass COVID-19 budget, B.C. premier says

John Horgan pushes urgent care centres in first campaign stop

Nanaimo RCMP shut down illegal racing and stunt driving site

Police “swoop in” to seize vehicles and issue violation tickets

Most Read