Abbotsford/Mission employed figure ticks past 100k for first time

More jobs & more job-hunters leave unemployment rate at 5.5 per cent

As the central Fraser Valley’s economy continues to hum and create jobs, the counter measuring just how many local people are employed ticked past a major milestone in June.

Statistics Canada’s labour force survey estimated that 100,700 people in Abbotsford and Mission were employed in some capacity last month. That’s the first time the region’s employment number has ticked past the 100,000 mark.

The area has seen substantial job growth in the last year. In June 2018, employment was estimated at 95,300.

Those figures are seasonally adjusted and come with some caveats. Abbotsford and Mission’s combined population is believed to have increased by nearly 4,000. And the actual unemployment rate has increased over the past year: from 4.8 per cent to 5.5 per cent.

That figure, though, is still low by historic standards and its increase is linked to the fact that more and more people are in the labour force and looking for jobs.

In fact, the participation rate – the measure of the proportion of the population that is in the job market – hasn’t been this high since 2013.

RELATED: Slight jobs decline in Canada as wages speed up, unemployment stays low

RELATED: Bank of Canada to give economic update, expected to be patient on rates

Untitled infographic
Infogram


@ty_olsen
tolsen@abbynews.com

Like us on Facebook and follow us on Twitter

Just Posted

SLIDESHOW: The Fraser Valley Auto Mall food drive and convoy

Convoy heads down South Fraser Way, delivers food and money to the Archway Food Bank of Abbotsford

Four vehicle accident causing southbound gridlock on Highway 11

Accident occurred around 12:30 p.m. at intersection with Valley Road, ambulance on scene

VIDEO: Canada’s only mobile shower trailer for homeless run by Abbotsford Mennonites

Refresh Mobile Showers started operations on May 1, provided over 550 showers

Mission Festival of Trees wraps up Saturday

Event concludes with reading of A Child’s Christmas in Wales at All Saints Anglican Church

Planning price tag revealed for futuristic ‘We Town’ concept in Abbotsford

Developer says highrises would house 30,000, but Abbotsford mayor says project is in wrong place

VIDEO: Success of wildlife corridors in Banff National Park has advocates wanting more

Demand for more highway protection escalated after seven elk were killed by a semi-trailer near Canmore

Sharks beat Canucks 4-2 to snap 6-game skid

Vancouver visits Vegas on Sunday

Fans sing Canadian anthem after sound system breaks at BMW IBSF World Cup

The Canadians in attendance made sure their team and flag were honoured on the podium

VIDEO: Fire destroys Big White Ski Resort chalet

Social media eulogies peg the property, nicknamed “The Pharamacy,” as both loved and hated

Prince George RCMP use bait packages to catch porch pirates over the holidays

First-in-Canada program with Amazon looks to combat parcel theft

Surrey councillor wants the policing transition process to ‘immediately stop’

Brenda Locke to make motion at Dec. 16 meeting to reconsider current plan

Man pleads guilty to second-degree murder in 2017 Stanley Park stabbing

Lubomir Kunik was found by a man out walking his dog on the beach late on Feb. 1, 2017

Vancouver homeless camp brings community, safety, home, says resident

Encampment in the city’s Downtown Eastside is one of many that have sprung up in B.C.

Nanaimo mechanical engineer creates thief tracking program

Nanaimo Thief Tracking lets users plot and share information about thefts online

Most Read