15 Mar More Full Time Jobs, Lower Unemployment
I am pleased to report that, in February, Nova Scotia had more full-time jobs than ever before while also recording our lowest unemployment rate ever.
The good news is from Statistics Canada’s Labour Force Survey which shows eight consecutive months of job growth in the province. Additionally, our unemployment rate has fallen to 6.4%, the lowest since 1976 when we began the modern labour force survey.
When we dig into the numbers we also see that the youth labour force is up 5,100 since February 2018 and youth employment increased by 7,400.
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.