Statistics // Labour market trends for the construction industry, June 2024

Labour Market Brief – Atlantic Region

• Construction is among the fastest growing industries in Atlantic Canada
  • The construction industry saw 9% employment change in April-June 2024 vs. the same time last year.
• Employment in Atlantic Canada rose during June 2024 by 4,500 jobs

• The unemployment rate increased slightly in June to 7.6%, hovering just below a 12-month high (7.6%)

---

Labour Force Survey, June 2024 – Nova Scotia

Month over month (June 2024 vs May 2024, seasonally adjusted)

In Nova Scotia,

• Labour force decreased 900 (-0.2%) to 549,000
• Employment decreased 1,700 (-0.3%) to 512,900

In Halifax,  (3-month moving average)

• Labour force increased 1,000 (+0.3%) to 297,000
• Employment increased 300 (+0.1%) to 279,900

Year-over-year (June 2024 vs June 2023)

In Nova Scotia,

• Labour force increased 18,200 (+3.4%)
• Employment increased 17,100 (+3.4%)

In Halifax,  (3-month moving average)

• Labour force increased 19,700 (+7.1%)
• Employment increased 18,500 (+7.1%)

---

Labour Market Trends, June 2024 – Nova Scotia

• Nova Scotia’s seasonally adjusted employment declined by 1,700 (-0.3%) to 512,900 in June following a decline of 900 (-0.2%) to 514,600 in the previous month
• Compared with June 2023, Nova Scotia’s population over the age of 15 increased by 26,800 (+3.1%), while the labour force grew by 18,200 (+3.4%), and employment increased by 17,100 (+3.4%)

• Compared to June 2023, there were gains in employment for private sector workers and public sector workers, and a decline in self-employed
• Over the last 12 months, employment was up in most sectors with the largest gains in education, accommodation/food, and public administration. The largest decline was reported for professional/technical services