Canada's employment up by 303,000 on yearly basis in October 2024

Highlights: Employment in Canada up by 303,000 on a YoY basis in October 2024

• Recent data by StatCan revealed that employment in Canada rose by 303,000 on a year-over-year basis.
• The employment rate among Canadian youth rose by 1.2% as of October 2024.
• Around 4.2% of people in Canada were employed in business, building, and other support services.
• Alberta and New Brunswick recorded the highest employment rates among all Canadian provinces.

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Employment surges in Canada

According to recent StatCan reports, yearly employment rose by 303,000, marking a 1.5% increase in October 2024. Employment increased by 15,000 in October after an increase of 47,000 in September 2024.

The employment rate for private sector in Canada rose by 0.7% with 99,000 new employees in August and September. Around 4.2% of people were employed in business, building, and other support services in Canada.

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Employment rates across Canada

As of October 2024, the youth employment rate, including people aged 15-24, rose by 1.2%. The employment rate among male youth rose by 1.8%.

The highest employment rates have been recorded in business, building, and other services, reporting a 4.2% hike in October 2024. The yearly employment rate in waste management and administrative services rose by 4.8%.

More people were employed in New Brunswick and Alberta as compared to other Canadian provinces. The table below lists the details of the rise in employment rates in Alberta and New Brunswick:

Province	Rise in employment	% of employment surge
Alberta	13,000	0.50%
New Brunswick	3,300	0.80%

 

 

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