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January 27, 2020LABOUR FORCE SURVEY - SEASONAL ADJUSTMENT REVISIONS Statistics Canada has made their annual revisions to past Labour Force Survey's seasonal adjustment factors, affecting the last three years of seasonally adjusted data (2017-2019). Population data remain unrevised.
Nova Scotia's revised seasonally adjusted labour force survey results for December 2019:
- Labour force was 505,400 (unchanged from previous)
- Employment was 465,600 (revised down 100)
- The unemployment rate was 7.9 per cent (unchanged from previous)
- The participation rate was 62.2 per cent (unchanged from previous)
- The employment rate was 57.3 per cent (unchanged from previous)
Changing assessments of seasonal patterns have resulted in new estimates of seasonally adjusted labour force and employment from 2017-2019. On average, monthly labour force and employment estimate are 300 higher (less than 0.1 per cent) that the unrevised numbers. The largest upward revisions occurred over July 2018 to December 2018.
Changes in monthly employment and labour force estimates result in changes to the estimates of the seasonally adjusted unemployment rate. These adjustments are small, typically reducing volatility reported in the unemployment rate. The estimated unemployment rate of 6.2 per cent in March 2019 was unchanged and remains the lowest Nova Scotia unemployment rate in the Labour Force survey.
Based on the revised data, the employment rate rose faster over July 2018 to April 2019 than previously estimated.
Labour Force Survey results for January 2020 will be released on Friday, February 8th. DailyStats analysis will include updated data.
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