Ottawa Employment Trends
The unemployment rate in Ottawa was 4.9% as of March 2024, up 0.2% from the previous month. The unemployment rate stood 5.1% below the peak from July 2020 and is below the long-run average.
There were 2,900 fewer full-time jobs in March 2024 compared to a month earlier. A loss of 1,300 part-time positions led to a decrease of 4,200 total jobs in March.
Full-time employment was still down 10,900 jobs from the peak in October 2023.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
