Labour Market Update: October 2024
The latest report from Statistics Canada, released in October 2024, provides insights into the labour market conditions across Canada, including Northeast Ontario. The report indicates that employment levels in Ontario remained relatively stable in August 2024, following a slight increase in the previous month. The unemployment rate in Ontario rose by 0.4 percentage points to 7.1% as more individuals entered the job market in search of employment.
These statistics provide a snapshot of the current labour market dynamics, reflecting both regional and national trends in employment and unemployment rates.