Strong employment growth pushes British Columbia's employment rate to 32-year high
The employment rate in British Columbia reached a record high of 63.5% in 2007 as a result of 3.2% employment growth (+71,000), the second-fastest rate behind Alberta's. In 2007, British Columbia's employment rate was at its highest level in 32 years.
Employment growth in 2007 was largely driven by gains in construction, retail trade, and finance and insurance. In contrast to Ontario and Quebec, British Columbia's manufacturing industry enjoyed small gains; they were the industry's largest employment gains in the country.
From 2002 to 2007, British Columbia's unemployment rate fell by 4.3 percentage points to 4.2%, its lowest level in 32 years. It was tied with Saskatchewan for the second-lowest unemployment rate in Canada after Alberta's (3.5%).
Employment rates in British Columbia, 1976 to 2007
Source: Statistics Canada, Labour Force Survey, CANSIM table 282-0002.
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