B.C. wages up 1.5% in 2012

The population of British Columbia rose .9% last year to 4.64 million. This provides a workforce of number 2.4 seven million. The unemployment rate is 6.5% compared to the national average of 7.1%. The average wage in British Columbia is $868 per week, slightly lower than the Canadian average of $873. Wages in the past year increased 1.5% in British Columbia and 2.3% in Canada over all.
In December, BC’s unemployment rate decreased by 0.3 percentage points to 6.5%. The number of persons in the labour force fell by 5,900, while the number employee to increase slightly up 600. Compared to December 2011, employment in BC was up by 19,400 jobs.
The goods producing sector gained 3,400 more jobs in December with construction posting gains of 4,800. Offsetting these gains were forestry, fishing, mining, quarrying, oil and gas, with losses of 11,300 jobs.
In December unemployment rates for both First Nations population and the Métis population increased from the previous month’s rate by 0.8 percentage points to 14% for the First Nations and 10.4% for the Métis population. When compared to a year ago, the First Nations employment rate was much improved dropping by almost 6 points. The unemployment rate from the Métis population was greater compared to last December jumping 2.1 percentage points. The unemployment rate for youth (aged 15 to 24) rose by 0.1 percentage points in December to 13.7%.
Rough lumber production rose 2.8% between October 2011-2012. This increase was entirely due to higher output in mills in BCs interior up 4.3%. Coastal mills declined 6.3% the third decline in as many months.
Stats Canada

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