Nova Scotia Association of REALTORS®

Nova Scotia Employment Trends

The unemployment rate in Nova Scotia was 6.5% as of January 2024, up 0.2% from the previous month. The unemployment rate stood 7.1% below the peak from June 2020 and is below the long-run average.

There were 300 fewer full-time jobs in January 2024 compared to a month earlier. A gain of 2,900 part-time positions led to an increase of 2,600 total jobs in January.

Full-time employment was still down 300 jobs from the peak in December 2023.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


Halifax-Dartmouth Employment Trends

The unemployment rate in Halifax was 5.2% as of January 2024, up 0.2% from the previous month. The unemployment rate stood 7.3% below the peak from June 2020 and is below the long-run average.

There were 100 more full-time jobs in January 2024 compared to a month earlier. A gain of 2,700 part-time positions led to an increase of 2,800 total jobs in January.

Full-time employment has recovered since reaching a bottom in March 2023 and now stands at a record high.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.


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