We’re enjoying the lowest unemployment rate in 20 years — but have you tried finding employees these days?
 

In a healthy community, the local economy creates quality employment opportunities for everyone by training and supporting workers and attracting and developing new employment.

 
 

0In 2006, the unemployment rate in Greater Victoria was 3.7%, the lowest it’s been in 20 years, and well below the national rate of 6.3% and provincial rate of 4.8%. Source

0With employment growth of 3.5% in 2006, Greater Victoria was above the national growth rate of 2.0% and the provincial rate at 3.1%. Source

0As our population ages, more people retire and our labour force shrinks. As a result, we have an increasing number of people that are dependent on the work force for contributions to government-funded services. In 2006, the elderly dependency rate in the Capital Region (a ratio of the senior population to the working age, 18 – 64) was 26.4% compared to 21.1% in BC.  Source

0In 2004, the ratio of female to male employment income was 73.4% in Greater Victoria compared to 64.9% in BC and 65.1% in Canada. Source

0In 2006, 4.3% of the people working in Greater Victoria worked part-time, and 2.5% worked part-time while looking for full-time work. Source

The average hourly earning in Greater Victoria in 2006 was $20.00 compared to $17.73 in 2000, and $16.98 in 1997 for a 17.8% increase since 1997. Source

Employment by Industry in Greater Victoria, 2006

Source: Statistics Canada Employment by Industry in Greater Victoria, 2006