DUNCAN, British Columbia, November 3, 2020 (GLOBE NEWSWIRE) – According to BC Check-Up: Work, an annual report through the Chartered Professional Accountants of British Columbia (CPABC) on employment trends in the province, unemployment in the Vancouver Island increased to 10. 3% in the summer of 2020 (June to August), more than six numbers from the same time last year.
“They are concerned to see that the long era of low unemployment rates in the region is tilting so suddenly, but this is not unexpected given the COVID-19 pandemic,” said Woody Hayes, FCPA, FCA. “Outdoor summer employment Greater Victoria has declined by about 8,000 jobs compared to last year. Although disconcerting, the stage has declined markedly since the spring when employment was closer to 30,000, and continued in September. “
September marked the fourth consecutive month of task creation in the region, bringing employment closer to pre-pandemic levels; however, the unemployment rate remained at 9. 3, consistent with penny and, despite strong profits in September, the goods sector continues to suffer in September, it held 40,900 posts, 3,600 fewer than a year ago, a minimum of 8. 1%. The sectors most affected were structure and manufacturing, where labour in both countries fell to more than a fifth compared to last year. .
“While knowledge shows a decline in structured employment, this is expected to be a short-term trend, as housing construction has slowed down compared to last year. It is also vital to note that last year’s structure sector is strong and that employment grades in September are comparable to those of years prior to 2019,” Hayes continued. “Fortunately, strong employment in agriculture and herbal resources, i. e. forestry, has helped mitigate the damage to the region’s workforce. “
“Despite being much larger than the Lower Continent, our region is not immune to the economic effects of the pandemic,” Hayes concluded. “In the future, we will need to create a strong framework for the continued progression of resources in the region. progress in industries and infrastructure to ensure that we can return to the strong economic expansion that the region has experienced in recent years. “
For more information, visit www. bccheckup. com. Statistics Canada Workforce Survey data. Monthly knowledge is adjusted to a three-month moving average and is not seasonally adjusted.
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