Photo courtesy CBC.
After four consecutive months of being on the rise, Victoria’s unemployment rate dropped three-tenths of a per cent in April.
Statistics Canada released new job figures Friday morning and Victoria unemployment sits at 4.2 per cent, compared to 4.5 per cent in March.
Victoria’s rate had climbed from December to March after hitting a low of 3.3 per cent in November.
B.C. still leads the way with the lowest jobless rate among Canadian provinces at an even five per cent, which is a bump of three basis points from March.
Overall, Canada’s unemployment figure remains steady at 5.8 per cent, unaffected by the economy seeing a net loss of 1,100 jobs.
The agency says 28,800 full-time positions were created, but 30,000 part-time jobs were shed in the workforce.
April saw the biggest climb in wage growth in nearly six years.
Stats Canada says wages were up 3.6 per cent last month compared to a year ago, the biggest jump since October 2012.
Andy Neal
