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Employment in Vancouver reached 1,104,800, a gain of 11.0% from 2001. This was faster than the 9.6% growth rate from 1996 to 2001 and the fastest employment growth of the three largest census metropolitan areas (CMAs).
In 2006, 63.0% of Vancouver's working-age population was employed, up from 61.4% in 2001. The CMA's unemployment rate fell from 7.2% to 5.6%.
Despite this growth, employment in computer and periphery equipment manufacturing fell by an average of 16.6% annually from 2001 to 2006—the sharpest decline for this industry of the big three CMAs.
On the plus side, the building boom in Vancouver more than offset declines. The construction industry added 21,000 workers during this five-year period, an average annual increase of 7.3%, the fastest gain among all metropolitan areas. This took Vancouver's construction workforce to 70,500.
The number of real estate lessors—those who rent out or lease residential dwellings or non-residential property—increased by 2,000, or 6.7% on average each year, the strongest growth of the three big CMAs.