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Nova Scotias Unemployment Rate Dips Below Canadas

October 22, 2019

first_imgNova Scotia’s unemployment rate has dropped below the Canadian average for the first time in recent history. Year-over-year comparisons released by Statistics Canada today, Sept. 9, show Nova Scotia’s August unemployment rate has gone down to a historic low of 6.9 per cent, compared to a 7.1 per cent average for Canada. The unemployment numbers for Nova Scotia have not been as low since Statistics Canada started collecting and publishing comparable national data in 1976. Premier John Hamm said this is yet another indicator of our economic progress as a province. “This is a credit to Nova Scotia’s economic strength. It is a credit to the business people across our province whose entrepreneurial spirit is evident in these results,” said Premier Hamm. “Our role is to support them as they build their businesses. There are many, many Nova Scotia business success stories behind these numbers.” From July to August 2005, 5,000 more people were working in Nova Scotia, for a total of 462,000. At the same time, the number of unemployed fell 9.2 per cent to 34,400. Employment increases in August 2005 were mainly in business, building and other support services, and in transportation and warehousing. Adjusted month over month for seasonal variations, the Nova Scotia unemployment rate was 7.2 per cent in August, compared to Canada’s unchanged rate of 6.8 per cent. This is still down from 7.7 per cent in June, which at the time was the lowest since March 1976. The Halifax region is also seeing very low numbers, with a 5.3 per cent unemployment rate, the lowest east of Regina. In Canada, August 2005 over August 2004, the labour force increased 1.1 per cent to 17.8 million, employment increased 1.5 per cent to 16.5 million, unemployment declined 2.9 per cent to 1.3 million, and the unemployment rate declined 0.3 percentage points to 7.1 per cent.last_img

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