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Unemployment in Victoria remains very low

11/10/2021

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​Recent labour figures released by Statistics Canada have underscored what we at The Chamber have been hearing for months, there are insufficient workers to grow our economy. Based on October data, Greater Victoria has an unemployment rate of 4.4%, one of the lowest in Canada. An unemployment rate of 3% or lower is considered to be full employment. Quebec City's rate is 3.8%.

Hon. Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation and our guest speaker at this year's AGM had this to say about the numbers, "B.C. has the second-lowest unemployment rate in the country at 5.6%, and we continue to lead all provinces with a job recovery rate of 101.9%. Our job-recovery rate regionally continues to be strong,...notable job-recovery rates are Prince George at 107.1%, Vancouver Island at 105.8% – that’s a direct result of people, businesses and communities working together to get through these tough times."

Through hard work and sheer determination, businesses have rebounded, but what the unemployment numbers don't tell us, is how to fill the 900,000 job vacancies across Canada today.
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards >
        • 2023 Business Awards
      • Picnic in the Park
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Small Business Month
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • BizNews Articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
    • 1863-Committees
    • 1863-Chairs and Chair Businesses
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us