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January 29, 2024LABOUR FORCE SURVEY SEASONAL ADJUSTMENT REVISIONS 2021-2023 Statistics Canada has made their annual revisions to the past three years of Labour Force Survey results. These changes reflect a review of seasonal adjustment methods that accounted for extraordinary labour market shocks during the early part of the COVID-19 pandemic. This review concluded that in 2022 and 2023 labour markets returned to pre-pandemic seasonal patterns. Population data are unrevised.
Nova Scotia's revised seasonally adjusted labour force survey results for December 2023:
- Labour force was 539,600 (revised down by 1,700)
- Employment was 507,900 (revised down 700)
- The unemployment rate was 5.9% (revised down from 6.0%)
- The participation rate was 61.7% (revised down from 61.9%)
- The employment rate was 58.0% (revised down from 58.1%)
Labour Force Survey results for January 2023 will be released on Friday, February 9th. DailyStats analysis will include updated data.
Source: Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months
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