Atlantic Labour Market Brief: February 2024

Canada

• More people were working in February, with the addition of 40,700 jobs, making it the seventh consecutive monthly gain.
• Full-time jobs increased alongside fewer part-time.
• The unemployment rate increased slightly in February to 5.8%, reaching its highest point since January 2022.
• The goods-producing sector lost jobs in February (-6,300), while the services-producing sector saw growth of 46,900 jobs.

Labour force: 21,663,300 (+76,400) Employment: 20,402,900 (+40,700)

Atlantic Canada

• Employment grew at a strong pace in February, up from the prior month by 5,000 jobs, making it the sixth consecutive monthly gain.
• Full-time jobs increased alongside fewer part-time.
• The unemployment rate fell in the month to 7.2%, influenced by the solid job gains.
• The goods-producing sector added jobs (+300), while the services-producing sector saw growth of 4,600 jobs.

Labour Force: 1,343,400 (+700) Employment: 1,246,200 (+5,000)

Nova Scotia

• Labour Force: 551,100
• Employment: 517,900
• Unemployment Rate: 6.0%
• Labour Force Change: +1,200
• Employment Change: +6,300
• Unemployment Rate Change: -1.0

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