Speaking with Black Press last week, Ken Peacock, chief economist for the Business Council of B.C., doubted whether the provincial economy would be able to grow fast enough. While it added 15,300 jobs in August, Peacock suggested that increase should have been higher.
“If this were normal times, a 15,000 upward movement would be quite good, even kind of strong,” he said. But in the “current context” it marked a “dramatic pull-back” from the previous couple of months, he added. “It speaks to exactly what we’ve been concerned about, that the low-hanging fruit in terms of rehiring has been accomplished, and we’re going to see sluggish job growth from here on out.”