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March 21, 2024EMPLOYMENT INSURANCE, JANUARY 2024 Monthly (January 2024 vs December 2023, seasonally adjusted regular beneficiaries)
In January 2024, there were 21,570 Nova Scotians in receipt of regular employment insurance benefits (seasonally adjusted). Nova Scotia's seasonally adjusted regular employment insurance usage decreased by 320 (-1.5%) from December 2023 to January 2024.
There were 468,300 Canadians that received regular employment insurance benefits in January 2024 (seasonally adjusted), an increase of 1,570 (+0.3%) from December 2023.
When compared to December 2023, six provinces reported increases in regular beneficiaries with Alberta posting the fastest growth. The largest decline in percentage terms was reported in Nova Scotia.
The number of employment insurance beneficiaries amounted to 3.9% of the labour force in Nova Scotia in January 2024. Nationally, the share of beneficiaries was 2.2% of the labour force.
Year-over-year (January 2024 vs January 2023, seasonally adjusted regular beneficiaries)
Comparing January 2024 to January 2023, Nova Scotia's employment insurance usage was down by 5.6%. National employment insurance usage was up by 18.0% with gains in six provinces. The largest gain in employment insurance usage was reported in Ontario and the largest decline was in New Brunswick.
Use of employment insurance (as a share of the labour force) was lower for youth aged 15-24 and higher for workers aged 55 and older. Across all age cohorts, male use of employment insurance was higher as a share of the labour force than female use of employment insurance.
Use of employment insurance was down for all age cohorts except males 15-24 from January 2023 to January 2024. The largest percentage declines were among females, particularly workers aged 15-24 and 25-54.
Comparing unadjusted regular beneficiaries for January 2024 against January 2023, use of employment insurance was down for all counties in Nova Scotia except Halifax, Colchester, Cumberland, Lunenburg and Shelburne.
In percentage terms, the largest declines in employment insurance use from January 2023 to January 2024 were reported in Annapolis and Digby counties. Halifax reported the largest increase.
Source: Statistics Canada. Table 14-10-0011-01 Employment insurance beneficiaries (regular benefits) by province and territory, monthly, seasonally adjusted; Table 14-10-0323-01 Employment insurance beneficiaries by census division, monthly, unadjusted for seasonality; Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months
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