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For additional information relating to this article, please contact:

Thomas Storring	Director – Economics and Statistics
Tel: 902-424-2410	Email: thomas.storring@novascotia.ca

March 08, 2024
LABOUR FORCE SURVEY, FEBRUARY 2024

                                                                           

MONTH OVER MONTH (February 2024 vs January 2024, seasonally adjusted)

In Nova Scotia,

• Labour force increased 1,200 (+0.2%) to 551,100
• Employment increased 6,300 (+1.2%) to 517,900
• Unemployment decreased 5,100 (-13.3%) to 33,200
• Unemployment Rate decreased 1.0 percentage points to 6.0%

In Canada, 

• Labour force increased 76,400 (+0.4%) to 21,663,300
• Employment increased 40,700 (+0.2%) to 20,402,900
• Unemployment increased 35,800 (+2.9%) to 1,260,400
• Unemployment Rate increased 0.1 percentage points to 5.8%

In Halifax,  (3-month moving average) 

• Labour force increased 2,800 (+1.0%) to 289,900
• Employment increased 3,300 (+1.2%) to 275,500
• Unemployment decreased 500 (-3.4%) to 14,400
• Unemployment Rate decreased 0.2 percentage points to 5.0%

 

YEAR OVER YEAR (February 2024 vs February 2023)

In Nova Scotia,

• Labour force increased 24,200 (+4.6%)
• Employment increased 21,600 (+4.4%)
• Unemployment increased 2,600 (+8.5%)
• Unemployment Rate increased 0.2 percentage points

In Canada, 

• Labour force increased 553,600 (+2.6%)
• Employment increased 368,000 (+1.8%)
• Unemployment increased 185,600 (+17.3%)
• Unemployment Rate increased 0.7 percentage points

In Halifax,  (3-month moving average) 

• Labour force increased 15,400 (+5.6%)
• Employment increased 14,100 (+5.4%)
• Unemployment increased 1,300 (+9.9%)
• Unemployment Rate increased 0.2 percentage points

 

Source: Statistics Canada. Table 14-10-0287-01  Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months; Table 14-10-0380-01  Labour force characteristics, three-month moving average, seasonally adjusted; 

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