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

Highlights: Employment in Canada rose by 303,000 in October 2024

• As per the latest StatCan report, employment rose by 303,000 in October 2024.
• The employment increased by 1.2% among the Canadian youth. 
• The average hourly wages increased by 4.9% among the employees on a year-over-year basis in October 2024.
• Alberta and New Brunswick were two Canadian provinces that witnessed increased employment in October 2024.

 

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Employment rate rises among the youth

Employment increased by 33,000(1.2%) among youth aged between 15 and 24 in October 2024. The youth employment rate rose by 0.45 percent to 54.4% in October, the first increase for the group since April.

 

Employment changed among core-aged men (25 to 54 years old) in October. Whereas the employment rate for people aged (55-64) the employment rate was held steady in October compared with 12 months.

 

The employment rate also increased in business, building, and other support services, rising by 29,000 (4.2%), while the overall employment rate in the Canadian industry was up by 33,000 (+4.8%).

 

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Employed rose in two Canadian provinces

Employment increased in two Canadian provinces in October 2024:

Province	Employment Rate
Alberta	0.50%
New Brunswick	0.80%

 

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