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Key Quarterly Indicators for the BC Economy

Change from Previous Quarter

(Percent change unless otherwise indicated)

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Business SectorQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Total Hours Worked - All workers, all jobs0.0 %-3.5 %3.1 %1.8 %0.2 %1.0 %1.4 %0.2 %1.2 %0.7 %0.4 % 
Average Weekly Wage Rate (raw) - All ind.-1.3 %-0.2 %1.3 %0.3 %2.2 %0.9 %0.0 %-0.5 %0.7 %0.1 %0.5 % 
Manufacturing Shipments-1.0 %4.7 %1.6 %1.2 %-0.2 %-1.2 %0.2 %0.3 %1.4 %1.0 %  
Exports, BC Origin-0.2 %7.4 %-4.2 %-0.6 %0.5 %2.5 %-1.9 %-1.1 %4.1 %-5.5 %11.6 % 
Non-Residential Construction Investment-1.9 %0.4 %2.8 %1.2 %0.2 %1.9 %2.6 %2.3 %3.4 %1.7 %-3.6 % 
Non-Residential Building Permits25.5 %-11.0 %-4.0 %56.1 %-28.3 %6.7 %6.7 %-11.7 %6.9 %-6.8 %  
Business Bankruptcies (raw)11.6 %25.0 %-13.3 %-23.1 %-32.5 %40.7 %10.5 %11.9 %-14.9 %12.5 %  
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Consumer SectorQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Retail Sales0.1 %3.4 %1.6 %1.0 %0.7 %2.5 %1.6 %0.6 %2.2 %1.6 %  
Housing Starts (SAAR)-11.3 %11.7 %11.4 %-10.3 %0.7 %16.7 %-5.0 %5.1 %33.4 %0.5 %-6.2 % 
Residential Construction Investment-8.4 %-2.3 %16.5 %3.3 %-4.8 %-0.2 %10.5 %-2.8 %2.1 %6.8 %  
Consumer Bankruptcies (raw)-8.9 %14.9 %-18.1 %-4.5 %5.2 %0.7 %-9.5 %-6.0 %1.9 %-2.6 %  
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Labour MarketQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Total Employed0.7 %0.2 %-0.3 %0.2 %0.3 %0.1 %1.1 %1.1 %0.4 %1.0 %0.6 % 
- Public Employees0.6 %-2.2 %-0.2 %-1.3 %0.7 %0.0 %4.1 %0.7 %-2.2 %0.6 %0.8 % 
- Private Employees1.3 %0.7 %-0.6 %0.4 %0.0 %-0.3 %0.5 %1.1 %1.1 %2.2 %-0.1 % 
- Self-Employed-1.2 %0.9 %0.7 %1.2 %0.9 %1.9 %0.3 %1.5 %0.3 %-3.0 %3.4 % 
Full-time Employment-0.4 %1.1 %0.4 %0.7 %0.7 %-0.2 %1.5 %0.4 %-0.1 %1.6 %-0.1 % 
Part-time Employment4.7 %-3.0 %-2.8 %-1.5 %-1.4 %1.6 %-0.4 %4.0 %2.0 %-1.1 %3.4 % 
Unemployed-5.4 %-2.9 %1.1 %-6.8 %1.5 %4.6 %3.2 %5.5 %2.6 %-9.4 %-5.3 % 
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Labour MarketQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Unemployment Rate (point change)-0.37-0.170.10-0.400.070.230.100.230.13-0.63-0.33 
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DemographicsQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Net Inter-Provincial Migration (#)1,7235,1235,5943,4194,4926,8746,3363,7695,0848,071  

 

Sources: Statistics Canada (CANSIM), BC Stats

Note: Except where indicated, quarterly numbers are derived from monthly seasonally adjusted figures (housing starts are from seasonally adjusted at annual rates figures).