Canadian and US Employment - January 9, 2015



Employment in Canada was relatively unchanged to end the year, falling by 4,300 jobs in December.  The national unemployment rate remained at 6.6 per cent. Total hours worked, which is closely associated with economic growth, increased by a relatively strong 0.7 per cent.

In BC, employment grew by 2,200 jobs in December. However, the headline number masks an enormous shift in employment from part-time to full-time work. Full-time employment increased a remarkable 22,300 while part-time work fell by 20,200. That full-time employment figure, if it holds, would be the largest monthly gain in full-time jobs since September of 2011. The provincial unemployment rate fell 0.4 points to 5.4 per cent. For all of 2014, BC employment growth was just 0.9 per cent, but did accelerate to average growth of 1.7 per cent in the final three months of the year.

In the United States, the labour market continued to gain strength in December, adding 252,000 new jobs. 


Moreover, the US unemployment rate  declined 0.2 points to 5.6 per cent. Over the past three months, the US economy has created an average of 289,000 jobs per month. 


For more information, please contact: 


Cameron Muir

Brendon Ogmundson

Chief Economist


Direct: 604.742.2780

Direct: 604.742.2796

Mobile: 778.229.1884

Mobile: 604.505.6793




The British Columbia Real Estate Association (BCREA) is the professional association for more than 18,500 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.


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.




Paige Gregson

Paige Gregson

CENTURY 21 Executives Realty Ltd.
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