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Posted on February 15 2024

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

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By  Editor
Updated February 15 2024

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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. 

 

*Want to check your eligibility to Canada? Try the Y-Axis Canada CRS Tool for FREE and get an instant score!

 

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%

 

*Want to work in Canada? Let Y-Axis assist you with all the steps.

 

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%

 

*Are you looking for step-by-step assistance for Canada Immigration? Talk to Y-Axis, the leading Overseas Immigration Company.

For the latest updates on Canada Immigration, check the Y-Axis Canada Immigration News Page.

 

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

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

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