In 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
With 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
As 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
In 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
In 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 |