13 Jan 2019 Marks Second Year of Strong Employment Growth

In 2019, the Province experienced its fastest employment growth since 2004, and almost half of the annual job growth is attributable to improved employment for youth.

Also, during that year, the unemployment rate averaged at 7.2 per cent; The lowest unemployment rate since the early 1970s.

The unemployment rate for those between the ages of 15 to 24 fell from an average of 15.6 per cent in 2018 to 13.2 per cent in 2019, which was the lowest annual youth unemployment rate since 2007.

Furthermore, youth employment went up 8.1 per cent in 2019, while the labour force increased by 5 per cent. This was the fastest annual rise in the youth labour force since 1976.

For more information, please visit: https://novascotia.ca/finance/statistics/news.asp?id=15447