Smart Education in Canada : B.C. adds 12,400 jobs in September, leads Canada in economic growth

Canada's unemployment rate rises to 7.1 per cent

VANCOUVER — British Columbia added 12,400 jobs in September, as the province led the country in economic growth, Statistics Canada said Friday.

The federal agency said B.C.’s unemployment rate, however, increased slightly by 0.3 percentage points to 6.3 per cent as more people participated in the labour market.

Year over year, employment in the province grew by 47,000 jobs or 2.1 per cent, the highest growth rate among the provinces.

Statistics Canada analyst Vincent Ferrao said the employment in Canada increased by 0.9 per cent, which shows that B.C.’s economy grew twice as fast as the rest of Canada.

In September, B.C. added 10,600 full time positions, and 1,800 part-time jobs. The industries that saw gains were construction, manufacturing, retail and wholesale, and information, culture and recreation.

Those were offset by some losses in the professional, scientific and technical sector, and in finance, insurance and leasing. There were also declines in educational services.

Nationally, the economy added 12,000 net new jobs in September, but the unemployment rate climbed by one-tenth of a percentage point to 7.1 per cent as more people entered the labour force.

The gain in the overall number of jobs came due to a gain in part-time employment, offset by a drop in full-time jobs.

The September jobs report was the last major piece of economic data before the federal election on Oct. 19.

The Bank of Canada has cut its key interest rate twice this year in a bid to help an economy which contracted in the first half of the year due in large part to the drop in oil prices.

While B.C., Alberta, Manitoba, and Quebec posted gains, Ontario saw a drop of 34,000 jobs in September, as losses in full-time employment were partly offset by gains in part-time work.

For the third quarter, the economy added 31,000 jobs compared with 33,000 in the second quarter and 63,000 in the first three months of the year.

"Canada is not only known for it's picturesque locations, but also for it's high standard of education. The Colleges in Canada are at par with the best known Colleges in the world, in terms of the educational programs offered and the facilities provided to the students " , says Mr. Deepak, Education Manager, Career XL Services..


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