LMI Dashboard – Q3 2023 Update

• The size of the workforce in May 2023 was down 9% from May 2022.
• Employment was down 5% year over year (-2,600).
• The unemployment rate dropped again to 11.5%.
• Tourism-related employment in May was still not back to pre-pandemic levels.
• Public sector employment is up 11% year-over-year in May (+2,200).
• Manufacturing employment continued to be weak (-800 in May versus last year).
• Construction employment was up 8% (+300 in May).
• Personal and professional services employment was up 13% (not back to pre-pandemic).
• The number of EI claimants dropped 18% in April vs. April 2022.
• Immigration is off to a strong start in 2023 (290 PR admissions between Jan-April).
• The number of job vacancies was 13% lower in Q1 2023 compared to a year earlier) – still double the pre-pandemic level.
• Sales and service jobs and health-related jobs are the most in-demand.