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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 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Total Hours Worked - All workers, all jobs0.2 %1.0 %1.4 %0.2 %1.2 %0.7 %0.4 % 
Average Weekly Wage Rate (raw) - All ind.2.2 %0.9 %0.0 %-0.5 %0.7 %0.1 %0.5 % 
Manufacturing Shipments-0.2 %-1.2 %0.2 %0.3 %1.4 %1.0 %  
Exports, BC Origin0.5 %2.5 %-1.9 %-1.1 %4.1 %-5.5 %11.6 % 
Non-Residential Construction Investment0.2 %1.9 %2.6 %2.3 %3.4 %1.7 %-3.6 % 
Non-Residential Building Permits-28.3 %6.7 %6.7 %-11.7 %6.9 %-6.8 %  
Business Bankruptcies (raw)-32.5 %40.7 %10.5 %11.9 %-14.9 %12.5 %  
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Consumer SectorQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Retail Sales0.7 %2.5 %1.6 %0.6 %2.2 %1.6 %  
Housing Starts (SAAR)0.7 %16.7 %-5.0 %5.1 %33.4 %0.5 %-6.2 % 
Residential Construction Investment-4.8 %-0.2 %10.5 %-2.8 %2.1 %6.8 %  
Consumer Bankruptcies (raw)5.2 %0.7 %-9.5 %-6.0 %1.9 %-2.6 %  
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Labour MarketQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Total Employed0.3 %0.1 %1.1 %1.1 %0.4 %1.0 %0.6 % 
- Public Employees0.7 %0.0 %4.1 %0.7 %-2.2 %0.6 %0.8 % 
- Private Employees0.0 %-0.3 %0.5 %1.1 %1.1 %2.2 %-0.1 % 
- Self-Employed0.9 %1.9 %0.3 %1.5 %0.3 %-3.0 %3.4 % 
Full-time Employment0.7 %-0.2 %1.5 %0.4 %-0.1 %1.6 %-0.1 % 
Part-time Employment-1.4 %1.6 %-0.4 %4.0 %2.0 %-1.1 %3.4 % 
Unemployed1.5 %4.6 %3.2 %5.5 %2.6 %-9.4 %-5.3 % 
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Labour MarketQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Unemployment Rate (point change)0.070.230.100.230.13-0.63-0.33 
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DemographicsQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016
Net Inter-Provincial Migration (#)4,4926,8746,3363,7695,0848,071  

 

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).