Employment increases by 345,000 year-on-year in Canada, Jan 2024 - STAT CAN

Highlights: Employment increases by 345,000, Jan 2024 - STAT CAN

• Labor Force Survey, January 2024, states that employment increased by 37,000 in January alone.
• Several industries in the services-producing sector witnessed employment gains.
• The employment rate increased in Ontario, Newfoundland, Labrador, Manitoba, and Nova Scotia.
• Sectors like Finance, insurance, real estate, rental and leasing also witnessed increased employment. 

 

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List of Canadian provinces by employment rate in January

The employment rate in Ontario rose by 24,000 (+0.3%) in January, a partial offset compared to December.

 

Canadian province	Increase in employment rate
Ontario	1.1%
Newfoundland and Labrador	3.2%
Manitoba	1.0%
Nova Scotia	0.7%

 

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Employment gains across different industries in Canada  

Several industries in Canada witnessed an increase in their employment rates. 

The table below has the list of industries and the rates of increase in employment. 

 

Industry Type	Employment gain
Wholesale and retail trade	1.1%
Finance, Insurance, Real estate, Rental and leasing	2.1%
Educational services	1.8%
Transportation and warehousing	1.9%
Business, Building and other support services	1.3%

 

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Ratio of Employment Rate: Men vs Women 

Stat Can reports reveal an increase in employment rate for men aged 55 or older. 

The table below details the increased employment rates for men and women between the ages of 15-54.

 

Gender	Age	Employment rate
Men	Age 25 to 54	87.2%
Women	Age 25 to 54	81.1%
Men	Age 15 to 24	56.0%
Women	Age 15 to 24	56.0%

 

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Top 3 industries with maximum jobs in Canada

How to apply for a work visa for Canada in 2023?

 

Also read: Cost of applying for Canada PR visa in 2023

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