Ottawa Real Estate Board

Ottawa Employment Trends

The unemployment rate in Ottawa was 4.5% as of January 2024, down 0.1% from the previous month. The unemployment rate stood 5.5% below the peak from July 2020 and is below the long-run average.

There were 1,300 more full-time jobs in January 2024 compared to a month earlier. A loss of 2,200 part-time positions led to a decrease of 900 total jobs in January.

Full-time employment was still down 900 jobs from the peak in October 2023 but stood 1,300 jobs above the trough in December 2023.

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

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