Payroll employment, earnings and hours, and job vacancies, February 2024

The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 17,700 (-0.1%) in February, following an increase of 35,700 (+0.2%) in January. On a year-over-year basis, payroll employment was up by 154,700 (+0.9%) in February.

Meanwhile, job vacancies in Canada increased to 656,700 in February, up by 21,800 (+3.4%) from January, but were little changed from December 2023.

In February 2024, monthly payroll employment decreases were recorded in 7 out of 20 sectors, led by accommodation and food services (-10,000; -0.8%), manufacturing (-9,500; -0.6%), and retail trade (-8,200; -0.4%). These declines were partially offset by gains in public administration (+6,600; +0.5%), finance and insurance (+6,400; +0.8%), health care and social assistance (+5,200; +0.2%) and real estate, rental and leasing (+900; +0.3%). The remaining nine sectors were little changed.

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