Nova Scotia Employment Trends
The unemployment rate in Nova Scotia was 6.4% as of October 2024, down 0.3% from the previous month. The unemployment rate stood 7.2% below the peak from June 2020 and is below the long-run average.
There was no change in full-time jobs in October 2024 compared to a month earlier. A gain of 2,000 part-time positions led to an increase of 2,000 total jobs in October.
Full-time employment has recovered since reaching a bottom in October 2024 and now stands at a record high.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
Halifax-Dartmouth Employment Trends
The unemployment rate in Halifax was 5.4% as of October 2024, down 0.1% from the previous month. The unemployment rate stood 7.1% below the peak from June 2020 and is below the long-run average.
There were 300 fewer full-time jobs in October 2024 compared to a month earlier. A gain of 1,700 part-time positions led to an increase of 1,400 total jobs in October.
Full-time employment was still down 300 jobs from the peak in September 2024.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
