Canada employment rose by 41,000 in Feb 2024.

Highlights: Employment in Canada rose by 41,000 in Feb 2024

• The Labour Force Survey reported an increase in employment rates in Canada in February 2024. 
• Canada recorded a rise of 41,000 as of February 2024. 
• Women aged 25 to 54 reported an employment increase rate of 0.7% and 0.3% for men. 
• Nova Scotia witnessed the highest percentage of employment hike of 1.2%. 

 

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Employment rate in Canada 

Recent reports by the Labour Force Survey showed a 0.2% employment rate hike in February 2024. Employment in Canada rose by 41,000 in February and 37,000 in January 2024. Part-time work in Canada shot up by 3%, reporting an increase of 108,000 annually. 

The following table shows increased employment rates in Canada: 

Category	Rate of increase	Employment increase number
Full-time work	0.40%	71,000
Self-employed work	1.50%	38,000
Public-sector employees	4.70%	1,97,000
Private sector employees	1.20%	1,60,000

 

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Employment rates among core-aged Men vs. Women 

The employment rate in women shot up to 81.4% in February 2024, whereas the employment rate for men remained steady at 87.2%.

The table below shows the increase in employment rates among core-aged men and women (under 25 to 54 years) in Canada: 

Category	Rate of increase	Increase in employment
Core aged women	0.70%	45,000
Core aged men	0.30%	23,000

 

Cross-industrial employment gains in Canada 

The employment increase rate was noticed in the following service-producing industries:  

Industries	Increment rate	Increase in employment
Professional services	0.9%	18,000
Food and accommodation services	2.4%	26,000
Scientific services	0.9%	18,000
Public administrative services	0.7%	9,000
Technical services	0.9%	18,000
Other services	1.4%	11,000

 

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Canadian provinces report employment hikes

The following Canadian provinces reported hike in employment rates in 2024:

Provinces	Rate of increase	Increase in employment
Nova Scotia	1.2%	6,300
Alberta	0.7%	17,000
Ontario	2.5%	316,000
Quebec	0.9%	40,000

 

 

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First Category-based Express Entry Draw for Transport Occupations in 2024 issued 975 ITAs.

 

Also Read:  Latest Canada Express Entry draw invites 2,850 candidates to apply for Canada PR.
Web Story:  Canada employment rose by 41,000 in Feb 2024.