New data out from Statistics Canada shows that the unemployment rate in Nova Scotia hit a record low in July of 2022.
Nova Scotia's unemployment rate declined from 8.2% in July of last year to 5.9% in July of 2022, a 28% decrease. The unemployment rate for July of 2022 is the lowest in the monthly Labour Force Survey records dating back to 1976.
Under our PC government we’ve seen housing starts at record levels and we’re refunding provincial income tax on the first $50,000 for trades workers under 30, which will contribute to more Nova Scotians joining the trades. Nova Scotia has seen a 19% increase in the number of people employed in construction since last year. We’ve worked with industry to rebuild our tourism sector, leading to a 21% increase in the number of people employed in this industry since last year. Our work on increasing immigration has also propelled our population to all-time highs, helping to bring in new workers to meet increasing demand and creating new jobs.
Our PC Government continues to be focused on building up the economy and our province.