Brantford area jobless rate at a 6-month low
November 2024 employment strengthened in the Brantford area, with improvements in numbers across the board., including a 6-month low jobless rate.
Brantford-Brant’s jobless rate was 5.7% last month, down from October’s 6.5%, according to the latest Statistics Canada’s estimates, which are based on a three-month moving average that is seasonally adjusted.
Canada as a whole added 51,000 jobs but the unemployment rate still climbed 0.3% to 6.8% as more people looked for work. Ontario’s jobless rate jumped by almost a full percentage point to 7.6% – the highest it has been since 2014, excluding the 2020 and 2021 pandemic-impacted years.
After several consecutive weak months, the Brantford area saw all key employment indicators improve. Based on its survey of local households, Statistics Canada estimated that 1,100 more people were employed, while the number unemployed dropped by 600. November’s unemployment rate is the lowest it has been since June.
Pleasant surprise
“November’s job numbers are a pleasant surprise. They show that people returning to the job market found work,” said Danette Dalton, the Workforce Planning Board’s executive director.
“But we still have to remember that there are many people in our communities that are struggling and will need help through the holiday season and afterwards. Poverty doesn’t take a holiday, so it is important to support our neighbours and charities that support our neighbours.”
Brantford-Brant’s November unemployment rate was the lowest among nearby communities. Hamilton and Guelph had sizeable increases in their jobless rates, while Kitchener-Cambridge-Waterloo, St. Catharines-Niagara and London were basically unchanged.
Despite November’s positive job numbers for the Brantford area, there continues to be signs that hiring is slowing down, Dalton said.
The number of new positions appearing on the Grand Erie Jobs online job board dropped last month by almost 20%. Grand Erie Jobs also saw a 20% decrease in the number of businesses with posted jobs.
“Similar job boards in other communities are also seeing fewer postings,” Dalton said. “It may be because hiring usually slows down over the winter, but we’ll see. It would be good to start 2025 on a positive note.”
Job boards operated by other workforce planning boards have seen the same thing. There was a 10% drop in the number of companies posting in the Hamilton and London areas.
Visit Statistics Canada’s website to read their news release on the November 2024 employment numbers for Canada and Ontario.