Nova Scotia, March 2024 - Job market snapshot

Get a snapshot of key facts about the state of Nova Scotia's labour market in the past month.

 

Employment in Nova Scotia increased by 19,800 (+4.0%) over the last 12 months, including a loss of 1,500 (-0.3%) in the last month. Full-time employment grew by 1,100 over the last month, while part-time employment was down by a steep 2,500. The labour force (those working or looking for work) grew moderately over the last 12 months. The province's unemployment rate rose to 6.2% in March from 5.5% the same month the year prior.

Nova Scotia's job market by the numbers

Working population

516,400

Down -0.3% since February

Unemployment rate

6.2%

Up 0.2 pts since February

Source: Statistics Canada - Table 14-10-0287-01 - Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months

Industries in focus

Health care and social assistance

Number of jobs increased 1.9%

February78,800

March80,300

In March, employment jumped by 1,500 jobs (+1.9%) in the health care and social assistance industry compared to the previous month.

Wholesale and retail trade

Number of jobs decreased -2.8%

February84,600

March82,200

Employment in the wholesale and retail trade industry grew by a moderate 5,700 (+7.5%) over the last 12 months, including a loss of 2,400 (-2.8%) in the last month.

Construction

Number of jobs increased 3.1%

February38,300

March39,500

In March, employment rose by a steep 1,200 jobs (+3.1%) in the construction industry compared to the previous month.

Source: Statistics Canada - Table 14-10-0355-02 - Employment by industry, monthly, seasonally adjusted (x 1,000)

Unemployment rate by region

Annapolis Valley
5.4%
Cape Breton
12.3%
Halifax
5.5%
North Shore
7.8%
Southern
8.9%

The unemployment rate was lowest in Annapolis Valley and highest in Cape Breton.

Source: Statistics Canada - Table 14-10-0387-01 - Labour force characteristics, three-month moving average, unadjusted for seasonality, last 5 months

A closer look at some regions

Halifax

274,900 people employed

Up 6.3% since March 2023

Employment is at a historical high in Halifax. Jobs in the region have grown 16,300 (+6.3%) over the last 12 months. Full-time employment rose by a sharp 11,900 over the last year, while part-time employment was up by a moderate 4,400. The labour force (those working or looking for work) is currently at its all-time largest at 291,000, which is 19,400 (+7.1%) higher than a year ago. The region's unemployment rate increased to 5.5% in March from 4.8% the same month the year prior. What else is happening in this region?

Cape Breton

50,100 people employed

Up 2.7% since March 2023

Employment in Cape Breton grew modestly over the last year, as the number of jobs hiked by 1,300 (+2.7%). New job growth this year is entirely due to new part-time employment. The labour force (those working or looking for work) jumped by a moderate 2,500 (+4.6%) compared to a year ago. The region's unemployment rate inclined to 12.3% in March from 10.6% the same month the year prior. What else is happening in this region?

Southern

50,100 people employed

Down -0.8% since March 2023

The number of jobs in Southern declined by 400 (-0.8%) over the last 12 months. Full-time employment rose by 2,100 over the last year, while part-time employment dropped by 2,400. The labour force (those working or looking for work) grew by a modest 500 (+0.9%) compared to a year ago. A decrease in employment and a larger labour force year-over-year has led to a higher unemployment rate, 8.9% compared to 7.5% last March. What else is happening in this region?

Last data refresh: 2024-04-14 23:00:44

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