LMI Dashboard – Q3 2023 Update

• The size of the workforce expanded by 1,000 in May compared to May 2022.
• Total employment was up 1,100 (Annapolis Valley).
• The unemployment rate dipped to 6.5% (from 7.8% last May).
• Manufacturing (+1,200) and construction (+2,600) added a lot of jobs in May compared to last year.
• Tourism-related employment in May was still not back to pre-pandemic levels.
• The number of EI claimants dropped 24% in April vs. April 2022 and are now well below pre-pandemic levels.
• Immigration is off to a strong start in 2023 (220 PR admissions between Jan-April to Kings/Hants).
• The number of job vacancies in the Annapolis Valley economic region was down 9% in Q1 2023 compared to a year earlier).
• At 4.1%, the job vacancy rate is nearly double the level pre-pandemic.
• Sales and service jobs and health-related jobs are the most in-demand.