BCREA Economics Now

See below the report I just received on the growth of FULL time jobs in BC.

Best regards

Dean Birks

www.DeanBirks.com

BCREA ECONOMICS NOW

Canadian Employment - August 10, 2012

The Canadian economy shed 30,000 jobs in July, following two straight months of flat payrolls.  The decline in employment was entirely due to large losses of part-time employment while full-time jobs actually rose by 21,300.  The Canadian unemployment rate ticked higher by 0.1 point to 7.3 per cent.

BC employment fell by 15,000 in July, pushing the provincial unemployment rate to 7 per cent. BC saw nearly 10,000 new full-time jobs added in July, while part-time employment  fell 24,100.

Overall, today's labour force survey numbers are not nearly as bad as the headline. Full-time employment continues to post solid growth in BC, averaging nearly 5,000 full-time jobs per month, the strongest full-time job growth since 2005.  While month-to-month employment will continue to be volatile, we expect BC employment to grow 2 per cent this year.

For more information, please contact:

Cameron Muir

Brendon Ogmundson

Chief Economist

Economist

Direct: 604.742.2780

Direct: 604.742.2796

Mobile: 778.229.1884

Mobile: 604.505.6793

Email: cmuir@bcrea.bc.ca

Email: bogmundson@bcrea.bc.ca

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.