Kitchener-Cambridge-Waterloo Employment Trends
The unemployment rate in Kitchener-Cambridge-Waterloo was 7.1% as of August 2024, up 0.6% from the previous month. The unemployment rate stood 6% below the peak from July 2020 but remains above the long-run average.
There were 2,700 fewer full-time jobs in August 2024 compared to a month earlier. A loss of 1,000 part-time positions led to a decrease of 3,700 total jobs in August.
Full-time employment was still down 2,800 jobs from the peak in June 2024.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
