B.C. adds 15,300 jobs in August but growth slows amid recovery

September 9, 2020

B.C.’s summer of economic recovery closed off with 15,300 jobs added in August, showing signs massive growth over the preceding two months is now slowing.

Data from Statistics Canada released Friday (September 4) reveals the province’s unemployment rate dropped 0.4 percentage points to 10.7% last month.

Nationwide, the country added 246,000 jobs to the economy — “a tad shy of expectations,” BMO chief economist Douglas Porter told investors — and the unemployment rate fell 0.7 percentage points to 10.2%.

Source: Business in Vancouver