Local job numbers end 2024 on a strong note
December 2024 employment numbers ended the year on a strong note.
Employment in the Brantford area was up by an estimated 1,000 people in December, pushing the jobless rate down to under 5%.
Brantford-Brant’s unemployment rate dropped by almost a full percentage point last month to 4.8%, down from November’s 5.7%, according to Statistics Canada figures, which are based on a three-month moving average and adjusted for the season.
Norfolk’s unemployment rate was 3.8% in December, the lowest on a monthly basis in 2024. Since December 2023, the employment rate for Norfolk is up by 2.7% and there have been gains in both full-time and part-time work.
Employment in Canada last month grew by 91,000 and the jobless rate dipped to 6.7%. Men aged 55+ accounted for 41,000 of that employment growth, while 21,000 more women 55+ were also working. Ontario saw employment increase by 23,000 and the unemployment rate nudged down to 7.5%.
“Seeing increased employment in Brantford-Brant and Norfolk, as well as nationally, is certainly good news,” said Danette Dalton, of the Workforce Planning Board. “The hope is that the gains can be sustained and aren’t just short term.”
Traditionally, there’s additional hiring by retail businesses in November and December for the holiday season. However, there have also been employment gains in manufacturing, a major industry in this area.
Dalton cautioned that while the local jobless rate has dropped for three straight months, the number of people employed in the Brantford area is still down from the Spring and Summer of 2024.
“We’ve heard for several months that, in general, local businesses have slowed hiring, and employment counsellors trying to help people find work have confirmed that,” she said. “There’s also been fewer job posting on our Grand Erie Jobs job board.”
Just over 1,000 new postings appeared on Grand Erie Jobs in December, a 27% decrease from November, which had also seen a sizeable drop. The number of companies with postings in December fell 15%.
The top postings were for jobs in health care and the service industry, including stores and restaurants.
Visit Statistics Canada’s website to read their news release on the December 2024 employment numbers for Canada and Ontario.