The local labour market in Greater Victoria is dynamic, offering a mix of promising prospects and potential challenges for job seekers. As of July 2024, the region has experienced a significant decrease in the unemployment rate, that can be attributed to steady employment growth that has kept pace with the rising population. With an unemployment rate of just 3.6%, Victoria now ranks fourth-lowest among all census metropolitan areas in Canada.
Noteworthy Sector Growth
From January to April 2024, Greater Victoria saw the most significant increase in job opportunities within the Information and Recreation sectors, surging by an impressive 36%. Professional Services also saw a considerable increase of 22%, while Educational Services grew by 15%. These upward trends not only indicate the diverse economic landscape but also the rising demand for skilled professionals in various industries in the area.
Upcoming Projects and Job Creation
Exciting developments are on the horizon for Vancouver Island, with several projects set to create many job opportunities. Key initiatives include:
- A new substation in Langford
- 870 new affordable housing units
- A major film studio complex on Malahat Nation territory
- Belleville Terminal Redevelopment Project
These projects are expected to contribute to the island’s economic growth and provide valuable employment opportunities for the local community.
Upcoming Job Fair
For those actively seeking employment, the upcoming WorkBC Centre Langford Job Fair is an event not to be missed! Scheduled for September 26th at Langford Legion, this fair will showcase a variety of companies from different sectors, including BC Ambulance, BC Ferries, the Royal Canadian Navy, and the Indigenous Perspectives Society. Attendees can engage with hiring managers, explore available positions, and gain insights into the sought-after skills. Additionally, participants can enter to win fantastic prize packs by registering in advance.
Staying Informed and Taking the Next Step
With ongoing employment growth and exciting projects on the horizon, Greater Victoria’s labor market offers a mix of opportunities and challenges. For job seekers, now is an excellent time to engage with the local market and explore the potential prospects that await. Stay informed and consider taking the next step in your career by registering for the job fair here.