Thursday, February 12, 2026
ADVT 
National

James sees 'glimmers of increased confidence' as jobless rate hits 13.4 per cent

Darpan News Desk The Canadian Press, 05 Jun, 2020 07:05 PM
  • James sees 'glimmers of increased confidence' as jobless rate hits 13.4 per cent

British Columbia's jobless rate continues to climb upwards, hitting 13.4 per cent last month, but there are signs of building confidence.

Finance Minister Carole James says Statistics Canada labour data for May show despite 353,200 lost jobs in B.C. since the pandemic forced a shutdown, the province created 43,300 jobs last month.

James says the increase reflects some businesses bringing back employees in the preparation to reopen as some health restrictions were eased.

But the labour market continues to be volatile, and James says many remain out of work, especially young people where the jobless rate is 28.9 per cent.

The minister says regular meetings are underway between business and government leaders to make recovery plans for B.C.'s economy.

Statistics Canada reported Canada's unemployment rate in May rose to 13.7 per cent, the highest level in more than four decades.

MORE National ARTICLES

Vancouver Police Say They're Working To Prevent Property Crime

Vancouver Police are taking significant measures to combat property crime while local and provincial measures are in place to address the spread of COVID-19.

Vancouver Police Say They're Working To Prevent Property Crime

Do Not Be Alarmed If You See Burnaby Police Wearing Masks And Protective Eyewear

As everyone continues to adapt to the current reality due to COVID-19, Burnaby RCMP wants members of our community to know of some differences that may take place when our officers respond to calls for service.

Do Not Be Alarmed If You See Burnaby Police Wearing Masks And Protective Eyewear

Delta Police Department Restricting Public Access To Buildings

Delta Police Department Restricting Public Access To Buildings
As part of ongoing efforts to ensure that the Delta Police Department is able to maintain operational readiness during the COVID-19 pandemic

Delta Police Department Restricting Public Access To Buildings

Trudeau Seeking U.S. Decision On Troops At Border; Calls Possibility A Mistake

Trudeau Seeking U.S. Decision On Troops At Border; Calls Possibility A Mistake
OTTAWA - Prime Minister Justin Trudeau said Friday it would be a mistake for the United States to position troops near the Canadian border.    

Trudeau Seeking U.S. Decision On Troops At Border; Calls Possibility A Mistake

Bank Of Canada Cuts Key Interest Rate Target While Libs Up Wage Subsidy

Bank Of Canada Cuts Key Interest Rate Target While Libs Up Wage Subsidy
It was the double shock from the novel coronavirus and a sharp drop in oil prices that spurred the Bank of Canada's surprise announcement — its second unscheduled cut this month and third overall this month — to lower its rate by half a percentage point to 0.25 per cent after it started the month at 1.75 per cent.

Bank Of Canada Cuts Key Interest Rate Target While Libs Up Wage Subsidy

Financial Aid Requests Won't Be Hindered By Service Canada Closures: Trudeau

Financial Aid Requests Won't Be Hindered By Service Canada Closures: Trudeau
OTTAWA - Service Canada employees can and should be working from home, despite the growing demand generated by financial-aid applications, Prime Minister Justin Trudeau said Friday.

Financial Aid Requests Won't Be Hindered By Service Canada Closures: Trudeau