LMI Dashboard – Q3 2023 Update

• The workforce in May 2023 was unchanged from May 2022 (North Shore).
• Employment was up 2% year over year (+1,000).
• The unemployment rate dropped again to 6.5%.
• 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 dipped (down 900 year over year).
• Construction employment was down 24% (-1,600 in May).
• The number of EI claimants dropped 30% in April vs. April 2022.
• Immigration is off to a strong start in 2023 (45 PR admissions between Jan-April).
• The number of job vacancies in the North Shore economic region was 2% higher in Q1 2023 compared to a year earlier).
• At 4.9%, the job vacancy rate is double the level pre-pandemic.
• Sales and service jobs and trades-related jobs are the most in-demand.