July 28, 2010
Construction employment edges up slightly
The number of people working in Canada increased significantly in June after taking a fall in May, while construction employment increased slightly. Statistics Canada reported that employment rose by a massive 93,000 jobs in June, which pushed the unemployment rate down 0.2 percentage points to 7.9 per cent.
This is the first time the rate has been below the eight per cent mark since January 2009.
In May, employment decreased by 10,000.
“In the goods-producing sector, employment in construction edged up 11,000,” said the report.
“This industry has had the fastest growth rate of all major industry groups since July 2009 (8.3 per cent or 94,000).
Construction employment in the Lower Mainland-Southwest region of B.C. grew to 111,900 in June from 109,800 in May 2010, which is an increase of 1.9 per cent.
In Metro Vancouver, construction employment rose 1.2 per cent in June 2010 to an 91,000.
JOC News Service
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Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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