Highlights from CPABC's BC Check-Up: Work Survey (Infographic)

As 2021 came to an end, BC’s unemployment rate stood at 5.3% in December. That was a small decline from 5.6%  in November and well below the 8.0% rate at the start of 2021. 

In November 2021, BC’s unemployment rate stood at 5.6%, remaining the same as in October. While BC’s unemployment rate remains well above the 4.6% set in January 2020, it has decreased considerably from 8.0% in January 2021, and 13.4% in May 2020, the peak of unemployment during the pandemic. 

To gauge what emerging trends to expect this holiday season, PwC Canada recently surveyed Canadian consumers and released its 2021 Canadian Holiday Outlook report.

The issue of inflation continues to be significant for employee benefits, as there continues to be pressure on businesses to maintain these plans.