Ottawa Employment Trends

The unemployment rate in Ottawa was 6.3% as of October 2024, unchanged from the previous month. The unemployment rate stood 3.7% below the peak in July 2020 but remains above the long-run average.

There were 2,600 more full-time jobs in October 2024 compared to a month earlier. A gain of 1,000 part-time positions led to an increase of 3,600 total jobs in October.

Full-time employment has recovered since reaching a bottom in April 2024 and now stands at a record high.

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

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Ottawa Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Ottawa Employment Trends assumes any responsibility or liability. Copyright ©2024. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

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