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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

November 08, 2024
LABOUR FORCE SURVEY, OCTOBER 2024

                                                                           

MONTH OVER MONTH (October 2024 vs September 2024, seasonally adjusted)

In Nova Scotia,

• Labour force decreased 3,000 (-0.5%) to 548,200
• Employment decreased 2,100 (-0.4%) to 514,000
• Unemployment decreased 800 (-2.3%) to 34,200
• Unemployment Rate decreased 0.1 percentage points to 6.2%

In Canada, 

• Labour force increased 15,400 (+0.1%) to 22,025,900
• Employment increased 14,500 (+0.1%) to 20,596,900
• Unemployment increased 900 (+0.1%) to 1,429,000
• Unemployment Rate was unchanged at 6.5%

In Halifax,  (3-month moving average) 

• Labour force increased 1,300 (+0.4%) to 295,500
• Employment increased 1,400 (+0.5%) to 279,500
• Unemployment decreased 100 (-0.6%) to 16,000
• Unemployment Rate decreased 0.1 percentage points to 5.4%

YEAR OVER YEAR (October 2024 vs October 2023)

In Nova Scotia,

• Labour force increased 9,400 (+1.7%)
• Employment increased 10,300 (+2.0%)
• Unemployment decreased 1,000 (-2.8%)
• Unemployment Rate decreased 0.3 percentage points

In Canada, 

• Labour force increased 496,300 (+2.3%)
• Employment increased 303,200 (+1.5%)
• Unemployment increased 193,100 (+15.6%)
• Unemployment Rate increased 0.8 percentage points

In Halifax,  (3-month moving average) 

• Labour force increased 14,800 (+5.3%)
• Employment increased 15,600 (+5.9%)
• Unemployment decreased 800 (-4.8%)
• Unemployment Rate decreased 0.6 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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