The rate rises when workers and seekers grow faster than the population, and falls when population growth runs faster.
- Employed: people who did any paid or business work in the week, or held a job but were away.
- Unemployed: people without work who searched in the prior 4 weeks and were free to start, plus layoffs and soon starters.
- Labour force: employed plus unemployed, the numerator of the rate.
- Population 15 and older: civilian non-institutional residents in scope, the denominator of the rate.
- Not in labour force: students, caregivers, retired and others neither working nor seeking.
Published on February 9, 2024, the January 2024 release put the rate at 65.3%, down 0.2 percentage points. The labour force held flat while the population 15 and older kept rising. Employment rose by 37000 (0.2%) and joblessness eased 0.1 points to 5.7%, yet engagement still fell.
Over the year the rate fell 0.4 points from 65.7% in January 2023 to 65.3% in January 2024. People outside the labour force grew 4.5% (493000) against 3.1% for the whole population (1000000).
Youth 15 to 24 fell 3.0 points to 62.7% while ages 25 to 54 slipped 0.3 points to 88.6%. Ages 55 and older held at 36.8%. That release covered 14 to 20 January 2024 with about 49200 interviews, and national data excluded the territories.