Average Offered Hourly Wage Declines

For Second Straight Quarter in BC

$26.55 to $25.80

How can you tell people may be making less money? When employers offer less to hire people and hire less in general.

This is shown in the "Job Vacancy Rate"

The job vacancy rate is a critical economic indicator that reflects the number of job openings available within the BC labor market, typically expressed as a percentage. A higher job vacancy rate suggests a robust job market, indicating that employers are actively seeking new hires to fill various positions. It can signify a growing economy, increased business activity, and a positive environment for job seekers. Conversely, a low job vacancy rate may indicate a tighter job market, where job opportunities are relatively scarce compared to the number of job seekers. Policymakers, businesses, and job seekers closely monitor this rate to assess the health and vitality of the labor market.