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Jobs, Economic Development and Innovation

FACTSHEET: Just the facts on job creation and economic growth

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Honourable Diana Gibson

Honourable Diana Gibson

Honourable Diana Gibson

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Jobs, Economic Development and Innovation

British Columbia News

FACTSHEET: Just the facts on job creation and economic growth

https://news.gov.bc.ca/02692

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Factsheet

Wednesday, September 12, 2012 1:35 PM

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Factsheet

Wednesday, September 12, 2012 1:35 PM

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Ministry of Jobs, Tourism and Skills Training

Just the facts on job creation and economic growth

  • When the Jobs Plan was released, 2,270,900 people were employed in the province. When the Progress Report was released, 2,322,600 people were employed in the province. The difference is 51,700 more people working.
  • When the Jobs Plan was released, 1,746,700 people were employed in full time positions in the province. When the Progress Report was released, 1,817,000 people were employed in full-time positions. The difference is 70,300 full-time positions.
  • When the Jobs Plan was released the unemployment rate in the province was 7.4 per cent. When the Progress Report was released, the unemployment rate was 6.7 per cent, below the national average of 7.3 per cent.
  • Since Christy Clark became Premier, B.C. has added 61,700 jobs.
  • The provincial economy measured by real GDP grew by 2.9 per cent in 2011, according to the 2011-12 Public Accounts, third in Canada.
  • The estimated investment for all major projects currently under construction - projects ranging from shipbuilding to natural gas, mining to manufacturing and transportation to commercial/residential development - is approximately $80 billion, an increase of $11.7 billion since June 2011.
  • $48 billion is projected to be invested in liquid natural gas (LNG) alone between 2013 and 2022.
  • Two mines have begun production, one is under construction, and three more have received permits with construction expected to start this year. Five mine expansions have been permitted.
  • Venture capital investment grew by 71 per cent compared to the same period in 2011, the largest gain in the country.

Contact:

Media Relations
Ministry of Jobs, Tourism and Skills Training
250 356-8177

https://news.gov.bc.ca/02692

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