November 6, 2023
Canada
- Employment expanded at a moderate pace in the month, up 1.0% on an annualized basis.
- Part-time jobs increased while full-time jobs declined.
- The unemployment rate moved higher in the month to 5.7%, reaching its highest point since January 2022.
- The goods-producing sector added jobs (+7,500), while the services-producing sector saw growth of 10,000 jobs.
Labour Force: 21,517,000 (+57,800)
Employment: 20,287,600 (+17,500)
Atlantic Canada
- Employment grew at a strong pace in October, up from the prior month by 9,900 jobs, making it the fifth consecutive monthly gain.
- The growth occurred in both full-time and part-time positions, though primarily part-time.
- The unemployment rate fell in the month to 7.3%, influenced by the solid job gains.
- The goods-producing sector added jobs (+2,600), while the services-producing sector saw growth of 7,500 jobs.
Labour Force: 1,316,100 (+7,400)
Employment: 1,220,400 (+9,900)
Nova Scotia
- Labour Force: 538,800
- Employment: 503,000
- Unemployment Rate: 6.6%
- Labour Force Change: +7,300
- Employment Change: +8,200
- Unemployment Rate Change: -0.3