Atlantic Labour Market Brief: May 2024
Canada
- Employment rose during the month by 26,700 jobs.
- Part-time jobs increased while full-time jobs declined.
- The unemployment rate moved higher in the month to 6.2%, reaching its highest point since January 2022.
- The goods-producing sector lost jobs in May (-20,700), while the services-producing sector saw growth of 47,400 jobs.
Labour force: 21,883,000 (+54,500) Employment: 20,517,800 (+26,700)
Atlantic Canada
- Employment fell sharply in May, down from the previous month by 5,400 jobs.
- Full-time jobs increased alongside fewer part-time.
- The unemployment rate moved higher in the month to 7.5%, influenced by the job reductions.
- The goods-producing sector lost jobs in May (-6,800), while the services-producing sector saw growth of 1,500 jobs.
Labour Force: 1,346,800 (+800) Employment: 1,245,500 (-5,400)
Nova Scotia
- Labour Force: 549,900
- Employment: 514,600
- Unemployment Rate: 6.4%
- Labour Force Change: +600
- Employment Change: -900
- Unemployment Rate Change: +0.3
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