BC unemployment rate surpasses national average

By Mike Kozakowski • Published on Friday, November 6, 2009 • Categorized as Business & the Local Economy, Local News

British Columbia’s unemployment rate surged to 7.7% in October (8.3% seasonally adjusted), far outpacing last October’s rate of 4.9% (5.2% seasonally adjusted). In a government document released today, B.C.’s often heralded position as one of Canada’s most insulated provinces from the economic doldrums is no more as the host of the 2010 Olympic Games squeezed past the national unemployment rate of 7.6% (8.6% seasonally adjusted).

Metropolitan Victoria’s 3-month moving average unemployment rate increased to 6.8% from 3.8% one year ago.

For more on the Victoria economy and discussions impacting the economy of the south Island, refer to the Wither the Victoria Eceonomy thread in the VibrantVictoria.ca discussion forum. To view the full B.C. employment report, click here.

Responses to this Headline or Article

The five most recent replies to VibrantVictoria.ca's discussion forum's Whither the Victoria Economy? thread, the most relevant thread to the above headline or article:

Bingo

Dec 29, 2011 at 4:37 pm

British Columbians...Victorians will pay more.

BC Med premiums up 6% to $84 per year
Hydro rates could go up 3.9% in 2012
gas rises in July as carbon tax adds 1.11 cents per litre at the pumps
car insurance rates will go up an average of $30 in 2012
Ferry fares expected to rise as well
employment insurance and Canada Pension Plan deductions to increase.
http://www.news1130.com/news/national/article/314379--british-columbians-face-msp-increase-in-new-year

sebberry

Dec 29, 2011 at 5:11 pm

Quote: British Columbians...Victorians will pay more.

BC Med premiums up 6% to $84 per year
Hydro rates could go up 3.9% in 2012
gas rises in July as carbon tax adds 1.11 cents per litre at the pumps
car insurance rates will go up an average of $30 in 2012
Ferry fares expected to rise as well
employment insurance and Canada Pension Plan deductions to increase.
http://www.news1130.com/news/national/article/314379--british-columbians-face-msp-increase-in-new-year

Everything is getting more expensive. And we blame decreases in ferry ridership solely on rising fare prices.:rolleyes:

Bernard

Dec 30, 2011 at 9:58 am

Quote: British Columbians...Victorians will pay more.

BC Med premiums up 6% to $84 per year
Hydro rates could go up 3.9% in 2012
gas rises in July as carbon tax adds 1.11 cents per litre at the pumps
car insurance rates will go up an average of $30 in 2012
Ferry fares expected to rise as well
employment insurance and Canada Pension Plan deductions to increase.
http://www.news1130.com/news/national/article/314379--british-columbians-face-msp-increase-in-new-year

The BC Med premium is an average $84 rise, not a rise to $84. It is a rise in line with the rise in the cost of the healthcare system.

Given the rate of inflation and average basic car insurance rates, a $30 rise is in line with inflation.

spanky123

Dec 30, 2011 at 10:03 am

Quote: The BC Med premium is an average $84 rise, not a rise to $84. It is a rise in line with the rise in the cost of the healthcare system.

Given the rate of inflation and average basic car insurance rates, a $30 rise is in line with inflation.

Too bad it is not a rise in line with my paycheque!

Bingo

Jan 02, 2012 at 8:00 pm

By noon today, the super-rich have made an average worker's yearly salary

OTTAWA - The richest of the rich have gained more ground in Canada, and are now making 189 times the average Canadian wage, according to a new report.

http://www.globalnews.ca/by+noon+today+the+superrich+have+made+an+average+worker39s+yearly+salary/6442551776/story.html

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