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We’re not quite matching the pace from 2017, but B.C. has seen impressive economic growth in the first two-thirds of 2018.
Eight months into the year, more than 35,800 jobs have been added to the province’s job market, the majority of which were full-time positions.
While it doesn’t match up to the pace of 2017, when 87,000 jobs were added to B.C.’s job market, it’s still nothing to scoff at.
“Full-time positions continue to make up most of our province’s job growth. At the same time, the average weekly wage rate increased from $955.60 per week in December 2017 to $981.87 per week in July 2018,” said Lori Mathison, president and CEO of Chartered Professional Accountants British Columbia.
“This, along with continued population growth, should ensure continued consumer demand for the rest of 2018.”
These numbers come from the BC Check-Up, an annual economic report released by the CPABC.
According to the CPABC, those job gains came because of an impressive economic growth of 3.9% in 2017.
However, that growth is forecasted to slow to 2.4% this year and 1.9% in 2019, hence fewer new jobs being created.
You can learn more about the BC Check-Up by clicking this link.
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