Canada Jobless Rate Unchanged at Lowest Since 1976


The unemployment rate in Canada stood at 5.6 percent in December of 2018, the same as in the previous month and compared with market expectations of 5.7 percent. It remains the lowest jobless rate since comparable data became available in 1976. The economy added 9.3 thousand jobs in December, after creating 94.1 thousand in November and compared with market consensus of 5.5 thousand. Part-time employment advanced (+28.3 thousand) while full-time employment dropped (-18.9 thousand).

In December, employment increased in Newfoundland and Labrador (+2,700), while it fell in Alberta (-17,000), New Brunswick (-3,100) and Prince Edward Island (-1,200). Little change was observed in the other provinces.

While employment held steady overall, more people worked in manufacturing (+24,000); transportation and warehousing (+15,000) and health care and social assistance (+11,000). At the same time, fewer people worked in wholesale and retail trade (-26,000) and public administration (-17,000).

The number of employees was little changed in the public and private sectors, while self-employment increased.

The labour force participation rate came in at 65.4 percent in December, unchanged from the prior month.

In 2018, employment increased by 163,000 or 0.9 percent, following 2.3 percent in 2017 and 1.2 percent in 2016. Over the year, the unemployment rate fell 0.2 percentage points to 5.6 percent, the lowest rate since comparable data became available in January 1976. Full-time employment continued on an upward trend in 2018, growing by 185,000 or 1.2 percent, while part-time employment was little changed.


Canada Jobless Rate Unchanged at Lowest Since 1976


Statistics Canada | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/4/2019 2:00:07 PM