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Bryan Yu: BC unemployment ends year at 6%, while housing had weak 2024 (The ORCA)


British Columbia’s labour market picked up in December with a 0.5-per-cent gain following a flat November. This translated to 14,100 more people working compared with the previous month. That said, labour market patterns have weakened, with year-over-year hiring trending lower to a dismal 0.2 per cent. December’s increase was well below the national performance of two per cent.

The unemployment rate rose to six per cent from 5.7 per cent in November, as BC’s labour force expanded by 0.7 per cent to a level above employment growth ...

... In the Lower Mainland housing market, home sales nudged lower at the end of 2024 but retained momentum ...

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