Renfrew County Real Estate Board

Ottawa Employment Trends

The unemployment rate in Ottawa was 5.5% as of May 2024, up 0.2% from the previous month. The unemployment rate stood 4.5% below the peak from July 2020 and is below the long-run average.

There were 400 more full-time jobs in May 2024 compared to a month earlier. A loss of 1,800 part-time positions led to a decrease of 1,400 total jobs in May.

Full-time employment was still down 12,900 jobs from the peak in October 2023 but stood 400 jobs above the trough in April 2024.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

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