Atlantic Labour Market Brief: January 2024

Canada

• Employment rose during the month by 37,300 jobs, making it the sixth consecutive monthly gain.
• Part-time jobs increased while full-time jobs declined.
• The unemployment rate declined slightly in January to 5.7%.
• The goods-producing sector lost jobs in January (-23,000), while the services-producing sector saw growth of 60,400 jobs.

Labour force: 21,586,900 (+18,200) Employment: 20,362,200 (+37,300)

Atlantic Canada

• Employment grew at a strong pace in January, up from the prior month by 12,600 jobs, making it the fifth consecutive monthly gain.
• The growth occurred in both full-time and part-time positions.
• The unemployment rate moved higher in the month to 7.6%, hovering just below a 12-month high (7.6%).
• The goods-producing sector added jobs (+4,500), while the services-producing sector saw growth of 8,200 jobs.

Labour Force: 1,342,700 (+20,500) Employment: 1,241,200 (+12,600)

Nova Scotia

• Labour Force: 549,900
• Employment: 511,600
• Unemployment Rate: 7.0%
• Labour Force Change: +10,300
• Employment Change: +3,700
• Unemployment Rate Change: +1.1

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