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Labour Market Update - January to May 2025

Labour Market Update - January to May 2025

- Updated Jun 27, 2025

B.C.’s labour market has added 43,000 jobs (+1.5%) so far in 2025, with the bulk of the gains front-loaded in January (+23,000), while subsequent months brought smaller, steadier gains.

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Labour Market Update - Q1 2025

Labour Market Update - Q1 2025

- Updated Apr 29, 2025

Employment grew through the first quarter of 2025, with a net gain of 24,000 jobs (+0.8%) since December.

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2024 Mid-Year Labour Market Update

2024 Mid-Year Labour Market Update

- Updated Jul 11, 2024

In June total employment in B.C. slipped by almost 10,000. The number of employees in the private sector edged higher but a rare decline in public sector employment pulled the overall employment numbers down.

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2023 Labour Market Review

2023 Labour Market Review

- Updated Feb 26, 2024

Total employment grew by just 1.5% in B.C. last year, the slowest pace in at least a decade.

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B.C. Inflation and Wage Growth

B.C. Inflation and Wage Growth

- Updated Nov 29, 2023

B.C.’s headline inflation rate averaged 3.5% in the third quarter of this year. This pace is down from the 7 to 8% annual increase in consumer prices seen through much of 2022. But even with supply chains normalizing and energy prices falling, inflation is likely to be persistent.

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B.C. Inflation and Wage Growth

B.C. Inflation and Wage Growth

- Updated Aug 9, 2023

In mid 2022 B.C.’s overall CPI inflation rate topped out at 7.9%. Since then, the annual change in the provincial CPI has edged steadily lower and in June of this year was 3.5%.

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B.C. Wage Settlements

B.C. Wage Settlements

- Updated Jun 16, 2022

With inflation in B.C. running above 6% it is reasonable to expect unions and workers to bargain for higher wage increases. But so far there is little evidence of higher settlements.

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Wage Pressures Rising Amid A Tighter Labour Market

Wage Pressures Rising Amid A Tighter Labour Market

- Updated Feb 9, 2022

As the economy continues to recover from the pandemic shock hiring workers is becoming more difficult for many employers. And these challenges will only increase as the labour market “normalizes”.

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B.C.'s Average Job Vacancy Rate Highest in Canada

B.C.'s Average Job Vacancy Rate Highest in Canada

- Updated Oct 6, 2021

Amid increasing reports of hiring challenges, recent data from Statistics Canada confirms high and rising job vacancy rates in the province.

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First-Year Wage Increases Have Edged Gradually Higher Over The Past Five Years

First-Year Wage Increases Have Edged Gradually Higher Over The Past Five Years

- Updated May 19, 2021

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