Workforce Monthly Insights

Key Insights

  • Employment increased by 8,400 jobs from the previous month and increased by 8,200 jobs compared to the same month last year.
  • Full-time Employment decreased by 800 jobs from the previous month and increased by 10,500 jobs year-over-year.
  • Part-time Employment increased by 9,200 jobs from the previous month and decreased by 2,300 jobs year-over-year.
  • Unemployment decreased by 7,400 people from the previous month and increased by 23,000 compared to the same month last year.

Workforce Composition by Status

In the most recent month, Full-time Employment decreased by 800 jobs from last month and increased by 10,500 jobs compared to the same month last year.

Part-time Employment increased by 9,200 jobs from last month and decreased by 2,300 jobs year-over-year.

The number of Unemployed individuals decreased by 7,400 from the previous month and increased by 23,000 compared to last year.

Employment, Unemployment, and Participation Rate

The Employment Rate decreased by 2.8 percentage points year-over-year.

The Unemployment Rate increased by 2.3 percentage points from a year ago.

The Participation Rate decreased by 1.4 percentage points year-over-year.

Jobs Added or Lost by Month

Employment levels increased by 8,400 jobs in the most recent month and increased by 8,200 jobs compared to the same month last year.

In the most recent month, there was a net increased by 8,400 jobs. Over the last year, the labor market has seen a net increased by 8,200 jobs in total.

Top 3 Industries in Goods Sector

  • Construction : 96,900 workers.
  • Manufacturing : 52,900 workers.
  • Forestry, fishing, mining, quarrying, oil and gas : 30,600 workers.

The Goods sector is mainly driven by industries such as Construction, Manufacturing, and Agriculture, which together account for a substantial share of the workforce.

Top 3 Industries in Services Sector

  • Wholesale and retail trade : 132,200 workers.
  • Health care and social assistance : 114,100 workers.
  • Professional, scientific and technical services : 72,200 workers.

In the Services sector, Health Care, Retail, and Professional Services lead employment, representing a dominant portion of the workforce.

Top 5 Industries by Change from Previous Month

  • Educational services : Change of 4,700 workers ( increased by 7.15 %).
  • Wholesale and retail trade : Change of 3,400 workers ( decreased by 2.51 %).
  • Transportation and warehousing : Change of 2,800 workers ( increased by 6.47 %).
  • Information, culture and recreation : Change of 2,600 workers ( decreased by 8.72 %).
  • Business, building and other support services : Change of 1,700 workers ( increased by 6.25 %).
  • Health care and social assistance : Change of 1,700 workers ( increased by 1.51 %).

These industries saw the largest month-over-month changes, indicating short-term trends.

Top 5 Industries by Change from Same Month Last Year

  • Educational services : Change of 19,300 workers ( increased by 37.77 %).
  • Public administration : Change of 10,800 workers ( increased by 18.62 %).
  • Health care and social assistance : Change of 10,200 workers ( decreased by 8.21 %).
  • Wholesale and retail trade : Change of 8,100 workers ( decreased by 5.77 %).
  • Construction : Change of 6,300 workers ( increased by 6.95 %).

The year-over-year changes provide insights into longer-term shifts, highlighting industries that have grown or declined significantly.

Conclusion

The overall employment trend is positive, with strong growth in the past year. Key industries driving the trend are: Construction, Wholesale and retail trade, Professional, scientific and technical services, Educational services, Health care and social assistance.