B.C.’s net gain of 2,800 jobs in January is better than most places in Canada, but that’s a statistical blip as the overall unemployment rate rose from 7.2 to eight per cent, the Business Council of B.C.’s chief economist says.
“I think it’s pretty clear that the recovery process has stalled out here,” Ken Peacock told Black Press Media Feb. 5. “After the initial surge when things opened up to some degree, we saw the big bump, but I never expected it to continue, and I think we’re now at that time.”
Statistics Canada’s monthly labour force report contrasted B.C.’s positive results with big job losses in Ontario and Quebec as their COVID-19 spread prompted a shutdown of non-essential retail and other businesses. B.C. is hanging on, keeping restaurants and pubs as well as hair salons and other services open with public health restrictions.