BCREA ECONOMICS NOW: Labour Force Survey - May 11, 2012
BCREA ECONOMICS NOW
Labour Force Survey - May 11, 2012
Canadian employment rose by
58,000 jobs in April following a blockbuster March in which employment
increased by 82,000. Despite large job gains in the past two
months, the national unemployment rate edged up 0.1 points
to 7.3 per cent as more Canadian were looking for work.
Employment in British Columbia expanded by 19,700 in April,
including 16,700 full-time positions. The BC unemployment rate fell
by a surprising 0.8 points to 6.2 per cent. BC employment growth is up 2.1 per
cent through the first four months of 2012, a marked improvement on the weak
job growth of 2011.
The Canadian economy has added 150,000 jobs over the past two Mont's,
a rate of job growth that may firm up the Bank of Canada
some decision to raise interest rates this Fall. That said,
we anticipate a gradual increase in rates with the Bank of Canada testing the
water with one or two 25 basis points rate hikes over the fall and winter.
For more information, please contact:
Cameron Muir |
Brendon Ogmundson |
Chief Economist |
Economist |
Direct: 604.742.2780 |
Direct: 604.742.2796 |
Mobile: 778.229.1884 |
Mobile: 604.505.6793 |
Email: cmuir@bcrea.bc.ca |
Email: bogmundson@bcrea.bc.ca |
BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).
Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.
Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015