The participation rate has dropped of late: as unemployment has slowly dropped since the recession the employment rate has remained low.
The labour rate spreads between the rest of BC and Vancouver CMA are graphed below. A positive number means the rest of the province has a higher number than Vancouver. In terms of unemployment Vancouver has typically been about 50bps lower than the rest of the province, but lately that differential has been negative.
Construction employment as a percentage of total employment is once again waning. The service producing sectors (NSA) (12 month average):
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