Hamilton Workforce Insights & Challenges
Workforce Planning Hamilton has released their 2024 mid-year report will elaborate on the labour force characteristics of Hamilton’s population; with a deep dive into Hamilton’s youth labour force and immigrant labour force. The report also explores Hamilton’s industrial changes, job posting trends and wage data. This report is a continuation of the 2023 series, which can be found here.
Highlights include:
- In the first half of 2024, the Hamilton region added 7,800 persons to the population
- Unemployment overall rose in the first half of 2024, with the Hamilton CMA levelling a 7.3% unemployment rate in June
- Hamilton’s youth population saw their employment go up as youths not participating in the labour force declined in the second quarter and employment was up
- Job demand in the first half remained strong, with almost 32,000 jobpostings coming from 6,500 unique employers – comparable it whatit was in the first half of 2023
- For the first half of 2024, inflation has consistently remained in-line with the Bank of Canada’s target range of 1%-3%
Information is courtesy of Workforce Planning Hamilton.
Click here to access the complete mid-year report.
