08 Mar Statistics Canada Shows Nova Scotia Employment Growing While Unemployment Declines
Employment in Nova Scotia reached a new high of 466,500 this February, continuing eight consecutive months of growth, according to Statistics Canada.
At the same time, the unemployment rate fell to 6.4 per cent, its lowest recorded level since modern labour force surveys began in 1976.
“We are working to create an environment that allows the private sector to create jobs and opportunities to benefit all Nova Scotians,” said Finance and Treasury Board Minister Karen Casey. “As a province we are seeing more employment opportunities in each of the last eight months.”
Year over year, employment is up 10,800 compared to February 2018 while the labour force grew by 3,900. Since February of 2018, the unemployment rate has fallen 1.5 percentage points.
Trends are even more noticeable for youth aged 15 to 24. Youth labour force is up 5,100 since February 2018 and youth employment increased by 7,400. The unemployment rate for youth has fallen by 4.4 percentage points over the last year to 14.2 per cent.