SPOTLIGHT: Recent Trends in Employment Overall, employment conditions in the Vancouver CMA showed improvement in 2014, which was one of the factors supporting housing demand.
The unemployment rate declined to 5.7 per cent in 2014 from 6.6 per cent in 2013, which was its lowest level since the economic downturn in 2009. Although there was an increase in the labour force, employment growth outpaced the increase in the labour force resulting in a lower unemployment rate.
Full-time employment grew by 1.4 per cent and part-time employment grew by 7.7 per cent, adding 14,700 and 19,400 jobs, respectively.
Source: Labour Force Survey, Statistics Canada