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Statistics Canada releases employment figures in the first week of every month. We parsed the data this morning, and added what we think is the most valuable overview for you.
Below the data charts you will also find our latest insight and analysis from the Goldbeck Recruiting staff.
You will always find the updated data on this page, so go ahead and bookmark it. Better yet, subscribe to our email updates, and we’ll send you a notification the moment it is updated each month.
Canada’s labour market weakened in February, with employment falling by 84,000 jobs (-0.4%). The unemployment rate rose 0.2 percentage points to 6.7%, while the employment rate declined to 60.6%, continuing a gradual softening trend seen over the past year. Despite the decline in employment, wage growth remains positive, indicating that employers in many industries are still competing for experienced talent even as hiring slows.
Job losses in February were concentrated among younger workers and some core-aged employees. Employment among youth aged 15 to 24 fell by 47,000 (-1.7%), highlighting the continued volatility of entry-level hiring. At the same time, the share of unemployed Canadians experiencing long-term unemployment (27 weeks or more) remained elevated at 22.8%, suggesting that some job seekers are taking longer to find new opportunities as labour market conditions ease.
Employment declines were recorded in both goods-producing and service-producing industries in February. Goods-producing sectors lost 28,000 jobs (-0.7%), while services-producing industries declined by 56,000 (-0.3%). Within services, wholesale and retail trade saw a drop of 18,000 jobs, reflecting slower activity in parts of the consumer economy. These mixed results point to uneven hiring conditions across sectors, particularly in industries tied to trade and construction.
Labour market conditions varied significantly across provinces. Quebec recorded the largest employment decline, down 57,000 jobs (-1.2%), while British Columbia employment fell by 20,000 (-0.7%) in February. In contrast, employment increased slightly in Newfoundland and Labrador. These regional differences highlight how labour market conditions can vary considerably across Canada even within the same national report.
Overall, the February Labour Force Survey suggests a labour market that is cooling but still active. With employment down 84,000 jobs and unemployment rising to 6.7%, employers may begin to see somewhat larger candidate pools in certain industries. However, specialized roles—particularly in sectors such as construction, manufacturing, transportation, and professional services—are likely to remain competitive areas for talent in the months ahead.
Hiring across BC is expected to remain muted in the near term. Companies are avoiding net-new headcount growth and focusing primarily on replacement hiring. Most demand sits with intermediate and senior-level roles, while early-career job seekers continue to face the steepest challenges due to a lack of organizational expansion.
“There’s going to be hiring—but mostly for skilled, experienced people. Entry-level candidates are going to have a tougher time.” — Henry Goldbeck
BC’s structural makeup offers some protection, however. Because the province is dominated by leaner, smaller organizations and branch offices, businesses already operate with minimal excess labour. Once workloads rise, many won’t be able to absorb the pressure, meaning hiring could rebound faster than in provinces with larger corporate head offices.
BC’s diversified economy remains one of its greatest strengths. A slowdown in residential construction is weighing on job creation, but activity in sectors such as biotech, IT, natural resources, and transportation logistics continues to provide stability.
A major variable is the rollout of large-scale infrastructure projects, particularly in regions such as Prince Rupert and Kitimat. These multi-year “nation-building” investments have the potential to stimulate employment across supply chains—Vancouver, Prince George, and other service hubs.
“A few billion-dollar projects in a province our size can make a real difference.” — Henry Goldbeck
However, their province-wide impact will depend on worker mobility, population movement, and how much of the procurement pipeline flows through BC rather than out-of-province suppliers.
The housing shortage remains an anchor on both economic and labour-market performance. Henry points to multiple inefficiencies that slow construction and inflate costs: lengthy permitting timelines, zoning bottlenecks, and regulatory frameworks that limit competition—such as certification processes that prevent European equipment manufacturers (e.g., elevator systems) from entering the Canadian market.
These issues increase the cost of building, slow project starts, and reduce the workforce mobility needed to support a growing economy. While governments have acknowledged the problem, meaningful acceleration has yet to materialize.
Despite the noise surrounding generative AI, its direct influence on hiring remains minimal so far. Employers are not yet recruiting specifically for AI skills, and candidates are not reporting AI-related layoffs.
Instead, AI is shifting tasks, not positions—automating low-level or repetitive work that traditionally served as training ground for young workers entering the labour force. Over time, organizations will need intentional strategies to preserve entry pathways into their industries.
The near-term outlook remains cool but stable. BC benefits from:
But hiring growth will remain constrained until housing supply, construction pace, and regulatory pressures start to ease. These factors will shape how quickly BC transitions from slowdown to recovery in 2025.
References
1 Government of Canada, Statistics Canada. “Labour Force Survey, November 2025.” The Daily – , December 5, 2025. https://www150.statcan.gc.ca/n1/daily-quotidien/251205/dq251205a-eng.htm?HPA=1
2 Direct communication with Henry Goldbeck.
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