Today’s Statistics Canada release features the latest (February 2009) stats on Employment Insurance claims. From February 2008 to February 2009, the number of EI beneficiaries is up 69%. And the number is up 11.6% just between January and February. More evidence that the BC economy is in much worse shape than the major political parties are letting on.
Here’s some background from the release:
Between February 2008 and February 2009, the increase in the number of beneficiaries in British Columbia was widespread. At the same time, the decrease in employment affected a large number of sectors, including manufacturing; construction; transportation and warehousing; retail trade; and forestry and logging.
In British Columbia, the number of beneficiaries almost tripled in Williams Lake, and it doubled further north in Quesnel. The number also roughly doubled in Kelowna, Cranbrook, Chilliwack, Powell River and Penticton. In Victoria the number of beneficiaries increased 88.8%, while in Vancouver, the 12,300 additional beneficiaries represented an increase of 75.3% in one year.