It’s no secret that real estate is valuable in Vancouver, but new data shows just how much owning land can work for you. (CTV)

B.C.'s latest unemployment figures show more residents are finding jobs, in spite of COVID-19 cases surging.

According to Statistics Canada's monthly labour force survey released Friday, B.C.'s unemployment rate was at eight per cent October – down from 8.4 per cent the month before. The province created 33,500 jobs in October, the survey showed.

Nationwide, the rate was 8.9 per cent, down from nine and there were about 1.8 million people out of work across the country last month. 

More locally, several B.C. cities also saw dips in unemployment last month:

  • Vancouver 9.7 per cent (down from 11.1)
  • Victoria 7.6 per cent (down from 9.1)
  • Kelowna 6.2 per cent (down from 8.0)

In Abbotsford-Mission, however, unemployment climbed slightly. In September, the region's unemployment rate was eight per cent, but in October, it rose to 8.6 per cent.

"This is the sixth consecutive month where we have seen significant job creation in B.C., bringing total employment to 97.6 per cent of our pre-pandemic levels in February," Premier John Horgan said in a news release.

"This jobs report is another positive sign for our economy and the people of British Columbia. However, the numbers, while welcome, do not fully reflect the continuing serious hardship in some sectors of the economy. We know there is much more to do as some businesses are still struggling."

Earlier in the pandemic, B.C.'s unemployment rate topped 13.4 per cent. In February – before a state of emergency was declared in the province – B.C.'s unemployment rate was five per cent.  

With files from The Canadian Press