Atlantic Labour Market Brief: December 2024

Canada

• Employment grew at a strong pace in December, up from the prior month by 90,900 jobs, making it the fifth consecutive monthly gain.
• The growth occurred in both full-time and part-time positions.
• The unemployment rate declined slightly in December to 6.7%, influenced by the solid job gains.
• The goods-producing sector added jobs (+22,500), while the services-producing sector saw growth of 68,400 jobs.

Labour force: 22,230,400 (+66,700) Employment: 20,738,300 (+90,900)

Atlantic Canada

• Employment grew at a strong pace in December, up from the prior month by 7,000 jobs.
• Full-time jobs increased alongside fewer part-time.
• The unemployment rate moved higher in the month to 7.8%, reaching its highest point since August 2022.
• The goods-producing sector added jobs (+1,000), while the services-producing sector saw growth of 6,100 jobs.

Labour Force: 1,362,700 (+12,000) Employment: 1,257,000 (+7,000)

Nova Scotia

• Labour Force: 557,200
• Employment: 522,000
• Unemployment Rate: 6.3%
• Labour Force Change: +8,900
• Employment Change: +7,400
• Unemployment Rate Change: +0.2

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