Vancouver Island recorded an unemployment rate of 4.5 per cent in October 2018. (B.C. Statistics)

Victoria unemployment below B.C. average

Greater Victoria records unemployment rate of 3.9 in October 2018

The Greater Victoria region recorded an unemployment rate of 3.9 per cent in October 2018, while the whole of Vancouver Island recorded an unemployment rate of 4.5 per cent, according to B.C. Stats.

Greater Victoria’s unemployment rate is 0.2 per cent below the provincial rate of 4.1 per cent, the lowest in Canada. Provincial unemployment has dropped 0.8 per cent compared to October 2017.

RELATED: Health care, scientific jobs top B.C. employment forecast

In October 2018, the provincial economy added 12,100 part-time jobs, while the number of full-time jobs dropped by 13,300. Full-time employment jobs for persons aged 55 and over rose by 7,300, but dropped for those aged 25 to 54 (down 17,300) and 15 to 24 (down from 3,100).

Notably, the number of jobs in the public sector dropped by 7,400. Employment in the private sector held steady (down 200) while the number of self-employed individuals rose 6,500 compared to September. Looking at sectors, manufacturing, agriculture and construction all lost jobs, while forestry, fishing, mining, and oil and gas, along with utilities. The biggest growing sector though was the service sector, which produced 46,800 jobs since October 2017.

RELATED: Unemployment rate dipped in September on part-time job gains: StatsCan

Quebec ranked behind British Columbia with the second-lowest unemployment rate, and Canada’s overall unemployment was 5.8 per cent, down 0.1 per cent. Overall, the unemployment was down from one year ago when it stood at 6.2 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

View Royal fire chief calls for realistic solutions to ‘mess’ at Thetis Lake

Emergency crews harassed while extinguishing brush fire, rescuing drunk 15-year-old during long weekend calls

Greater Victoria woman goes on gratitude mission to thank first responders

Jen Klein fainted while driving and crashed on Pat Bay Highway in 2019

Saanich police search for potential victims, witnesses after series of unprovoked assaults

Police are looking for more information about two incidents from June 12

Crews respond to medical incident on West Saanich Road

Incident appears to be cleared, witnesses say

Newly appointed Resilient Saanich committee to weigh in on new environmental policy framework

Council selects nine members, First Nations representative position remains open

B.C. records 146 new COVID-19 cases through long weekend

More that 28 people tested positive for the virus each day since Friday

Two people die in propane heated outdoor shower near Princeton

Couple was attending a long weekend gathering

Study shines light on what makes LGBTQ+ youth feel safe in a community

The study goes beyond looking at school or family supports

Alberta to require masks at schools this fall, but still no mandate in B.C.

B.C. students are also set to return to classrooms in September

B.C. to allow customers to buy cannabis online for in-store pickup at private shops

Age verification will still be required inside the store

30% of British Columbians would ‘wait and see’ before taking COVID vaccine: poll

Some are concerned about side effects, while others don’t think the virus is a big deal

Don’t leave your hand sanitizer in the sun and other tips to stay COVID safe this summer

Being mindful of staying outside and keeping hand sanitizer, sunscreen out of the sun recommended

What exactly is ‘old growth’ B.C. forest, and how much is protected?

Forests minister Doug Donaldson doesn’t support ‘moratorium’

Most Read