Victoria’s Census Metropolitan Area (CMA) recorded the second-lowest unemployment rate in all of Canada in January 2019.
According to Statistics Canada, Victoria’s rate stood at 3.3 per cent — up from 3.2 in December 2018. Only Guelph, Ont. recorded a lower rate with 1.9 per cent.
Victoria’s low unemployment also reflects the leading status of British Columbia. Despite an increase of 0.3 per cent to 4.7 per cent in January 2019, British Columbia’s unemployment rate remained the lowest in Canada, ahead of Quebec (5.4 per cent), Manitoba and Saskatchewan (5.5 per cent), and Ontario (5.7 per cent). Alberta led the second half of the provincial table with a rate of 6.8 per cent.
The national unemployment rate stood at 5.9 per cent.