Thoughts on BC Politics and More

... Involuntary part-time employees are underemployed workers. The worker is ready and willing to work full-time, but doesn’t work more than 30 hours per week. This can be due to a reduction in hours due to business conditions, as seen during lockdowns. It also includes people who are unable to find full-time work. In short, it’s another form of underutilized labor in the economy—not unlike unemployment. Labor supply is a delicate balance. Too little labor leads to a non-productive increase in wages, meaning it’s a raise—but not due to increased output (either in quantity or value). It may sound nice, but it tends to occur during periods where inflation eats up at least the extra wage growth ... CLICK HERE for the full story

  Employment rose by 40,000 (+0.2%) in August. This increase in employment was outpaced by population growth (+103,000; +0.3%) and the employment rat e — t he proportion of the population aged 15 and older who are employe d — f ell 0.1 percentage points to 61.9% ...   ... Employment increased by 12,000 in British Columbia in August 2023, the first significant increase in the province since September 2022. At 61.5%, the employment rate in the province was little changed in August 2023, but was down 0.7 percentage points from the beginning of the year ... For the full report, CLICK HERE