News

Canada Jobless Rate Holds Steady at 6.7%
The unemployment rate in Canada stood at 6.7% in March 2026, unchanged from the prior month and slightly below the expected 6.8%.Employment was little changed (+14,000; +0.1%) and the employment rate held steady at 60.6%. The participation rate was unchanged at 64.9%. Employment rose in the 'other services' industry (+15,000; +1.9%), which includes personal and repair services, and it also increased in natural resources (+10,000; +3.0%). Employment declined in finance, insurance, real estate, rental, and leasing (-11,000; -0.8%). Among youth aged 15 to 24, the unemployment rate was little changed at 13.8%, following an increase of 1.3 percentage points in February.
Published on 2026-04-10

Canada Jobless Rate Holds Steady at 6.7%
The unemployment rate in Canada stood at 6.7% in March 2026, unchanged from the prior month and slightly below the expected 6.8%. Employment was little changed (+14,000; +0.1%) and the employment rate held steady at 60.6%. Employment rose in the 'other services' industry (+15,000; +1.9%), which includes personal and repair services, and it also increased in natural resources (+10,000; +3.0%). Employment declined in finance, insurance, real estate, rental, and leasing (-11,000; -0.8%).
Published on 2026-04-10

Canada Jobless Rate Holds Steady at 6.7%
The unemployment rate in Canada stood at 6.7% in March 2026, unchanged from the prior month and slightly below the expected 6.8%. Employment was little changed (+14,000; +0.1%) and the employment rate held steady at 60.6%. Employment rose in the 'other services' industry (+15,000; +1.9%), which includes personal and repair services, and it also increased in natural resources (+10,000; +3.0%). Employment declined in finance, insurance, real estate, rental, and leasing (-11,000; -0.8%). Among youth aged 15 to 24, the unemployment rate was little changed at 13.8%, following an increase of 1.3 percentage points in February.
Published on 2026-04-10

Canada Jobless Rate Holds Steady at 6.7%
The unemployment rate in Canada stood at 6.7% in March 2026, unchanged from the prior month and slightly below the expected 6.8%. This figure is below the 7.1% peak observed in August and September 2025 and shows little change compared to the same period last year. The number of unemployed individuals rose by 1,000, while employment levels increased by 14,100, just shy of the forecasted 15,000, driven by a rise in part-time work, which offset a decline in full-time positions. For those in the core working age group (25–54), the unemployment rate stayed virtually unchanged at 5.8% for both men and women. Among youth aged 15–24, the unemployment rate remained steady at 13.8% in March, after rising by 1.3 percentage points in February. For individuals aged 55 and older, the unemployment rate held firm at 4.9% for the month. Both the employment rate (60.6%) and the participation rate (64.9%) showed no change in March.
Published on 2026-04-10

Canada Jobless Rate Holds Steady at 6.7%
The unemployment rate in Canada stood at 6.7% in March 2026, unchanged from the prior month and slightly below the expected 6.8%. The number of unemployed rose by 1,000 to around 1.5 million, while employment increased by 14,200 to 21.1 million. The employment rate held steady at 60.6%, and the participation rate was unchanged at 64.9%. Employment rose in the 'other services' industry (+15,000; +1.9%), which includes personal and repair services, and it also increased in natural resources (+10,000; +3.0%). Employment declined in finance, insurance, real estate, rental, and leasing (-11,000; -0.8%). Among youth aged 15 to 24, the unemployment rate was little changed at 13.8%, following an increase of 1.3 percentage points in February.
Published on 2026-04-10

Canada Jobless Rate Rebounds From 16-Month Low
The unemployment rate in Canada rose to 6.7% in February 2026 from the lowest in sixteen months of 6.5% in the previous month and above the expected 6.6% increase, reflecting an increment in the number of people searching for work and a contraction in employment. The increase followed the prior month's decline and reflected a 56,700 rise in the number of unemployed to over 1.51 million. The labour force contracted by roughly 27,200, pushing the participation rate down to 64.9% from 65.0%. Net employment fell by 84,000 to 21.04 million, continuing the recent downward trend. Losses were driven by a 108,000 decline in full-time employment, partly offset by a 24,500 increase in part-time work.
Published on 2026-03-13

Canada Jobless Rate Rebounds From 16-Month Low
The unemployment rate in Canada rose to 6.7% in February 2026 from the lowest in sixteen months of 6.5% in the previous month and above the expected 6.6% increase, reflecting an increment in the number of people searching for work and a contraction in employment. The increase followed the prior month's decline and reflected a 56,700 rise in the number of unemployed to over 1.51 million. The labour force contracted by roughly 27,200, pushing the participation rate down to 64.9% from 65.0%. Net employment fell by 84,000 to 21.04 million, continuing the recent downward trend. Losses were driven by a 108,000 decline in full-time employment, partly offset by a 24,500 increase in part-time work.
Published on 2026-03-13

Canada Unemployment Rate Drops to 16-Month Low
The unemployment rate in Canada fell to 6.5% in January 2026 from 6.8% in the previous month, undershooting market expectations of 6.8% and marking the lowest level in 16 months, as fewer people searched for work. The decline marked a partial reversal of the prior month’s increase and reflected a 94,000 drop in the number of unemployed to around 1.5 million. The labour force contracted by roughly 94,000, pushing the participation rate down to 65.0% from 65.4%. Net employment fell by 25,000 to 21.12 million, interrupting the recent run of gains. Losses were driven by a 70,000 decline in part-time employment, partly offset by a 45,000 increase in full-time work.
Published on 2026-02-06

Canada Jobless Rate Drops to 16-Month Low
The unemployment rate in Canada fell to 6.5% in January 2026 from 6.8% in the previous month, undershooting market expectations of 6.8% and marking the lowest level in 16 months, as fewer people searched for work. The decline marked a partial reversal of the prior month’s increase and reflected a 94,000 drop in the number of unemployed to around 1.5 million. The labour force contracted by roughly 94,000, pushing the participation rate down to 65.0% from 65.4%. Net employment fell by 25,000 to 21.12 million, interrupting the recent run of gains. Losses were driven by a 70,000 decline in part-time employment, partly offset by a 45,000 increase in full-time work.
Published on 2026-02-06

Canada Unemployment Rate Drops to 18-Month Low
The unemployment rate in Canada fell to 6.5% in January 2026 from 6.8% in the previous month, undershooting market expectations of 6.8% and marking the lowest level in 18 months, as fewer people searched for work. The decline marked a partial reversal of the prior month’s increase and reflected a 94,000 drop in the number of unemployed to around 1.5 million. The labour force contracted by roughly 94,000, pushing the participation rate down to 65.0% from 65.4%. Net employment fell by 25,000 to 21.12 million, interrupting the recent run of gains. Losses were driven by a 70,000 decline in part-time employment, partly offset by a 45,000 increase in full-time work.
Published on 2026-02-06

Canada Unemployment Rate Drops to 16-Month Low
The unemployment rate in Canada fell to 6.5% in January 2026 from 6.8% in the previous month, undershooting market expectations of 6.8% and marking the lowest level in 16 months, as fewer people searched for work. The decline marked a partial reversal of the prior month’s increase and reflected a 94,000 drop in the number of unemployed to around 1.5 million. The labour force contracted by roughly 94,000, pushing the participation rate down to 65.0% from 65.4%. Net employment fell by 25,000 to 21.12 million, interrupting the recent run of gains. Losses were driven by a 70,000 decline in part-time employment, partly offset by a 45,000 increase in full-time work.
Published on 2026-02-06

Canada Unemployment Rate Edges Higher
The unemployment rate in Canada rose to 6.8% in December 2025 from 6.5% in the previous month and above market expectations of 6.6%, as more people entered the job market in search of work. The uptick partially reversed a cumulative 0.6-percentage-point decline recorded over the prior two months. The number of unemployed rose by 73,000 to 1.6 million, while the labor force increased by 81,000, pushing the participation rate up to 65.4%. Net employment rose by 8,200 to 21.14 million, marking a fourth consecutive month of improvement. Gains were driven by a 50,200 increase in full-time employment, offset by a 42,000 decline in part-time work.
Published on 2026-01-09

Canada Unemployment Rate Edges Higher
The unemployment rate in Canada rose to 6.8% in December 2025 from 6.5% in the previous month and above market expectations of 6.6%, as more people entered the job market in search of work. The uptick partially reversed a cumulative 0.6-percentage-point decline recorded over the prior two months. The number of unemployed increased by 72,900 to 1.6 million, trailing an 81,000 rise in the labor force, which pushed the participation rate up to 65.4%. Meanwhile, net employment rose by 8,200 to 21.14 million, marking a fourth consecutive month of improvement. Gains were driven by a 50,200 increase in full-time employment, while part-time employment fell by 42,000.
Published on 2026-01-09

Canada Unemployment Rate Edges Higher
The unemployment rate in Canada rose to 6.8% in December 2025 from 6.5% in the previous month and above market expectations of 6.6%, as more people entered the job market in search of work. The uptick partially reversed a cumulative 0.6-percentage-point decline recorded over the prior two months. The number of unemployed increased by 72,900 to 1.6 million, trailing an 81,000 rise in the labor force, which pushed the participation rate up to 65.4%. Meanwhile, net employment rose by 8,200 to 21.14 million, marking a fourth consecutive month of improvement. Gains were driven by a 50,200 increase in full-time employment, while part-time employment fell by 42,000.
Published on 2026-01-09

Canada Unemployment Rate Falls to 16-Month Low
The unemployment rate in Canada fell to 6.5% in November of 2025 from 6.9% in the previous month, the lowest in 16 months, and contrasting sharply with expectations that it would rise to 7%. The result marked a reversal in the trend of a rising jobless rate through most of the year, as the unemployed population fell by 80 thousand from the previous month to 1.5 million. This was sharper than the 26 thousand reduction in the labor force, bringing the labor force participation rate to 65.1%. In the meantime, net employment jumped by 53.6 thousand to 21.14 million, a third consecutive month of marked improvement. The increase was owed to a 63 thousand surge in part-time employment, with nearly 18% of those reporting to do so involuntarily, a broadly steady ration throughout the last year.
Published on 2025-12-05

Canada Unemployment Rate Falls to 15-Month Low
The unemployment rate in Canada fell to 6.5% in November of 2025 from 6.9% in the previous month, the lowest in 15 months, and contrasting sharply with expectations that it would rise to 7%. The result marked a reversal in the trend of a rising jobless rate through most of the year, as the unemployed population fell by 80 thousand from the previous month to 1.5 million. This was sharper than the 26 thousand reduction in the labor force, bringing the labor force participation rate to 65.1%. In the meantime, net employment jumped by 53.6 thousand to 21.14 million, a third consecutive month of marked improvement.
Published on 2025-12-05

Canada Unemployment Rate Falls to 16-Month Low
The unemployment rate in Canada fell to 6.5% in November of 2025 from 6.9% in the previous month, the lowest in 16 months, and contrasting sharply with expectations that it would rise to 7%. The result marked a reversal in the trend of a rising jobless rate through most of the year, as the unemployed population fell by 80 thousand from the previous month to 1.5 million. This was sharper than the 26 thousand reduction in the labor force, bringing the labor force participation rate to 65.1%. In the meantime, net employment jumped by 53.6 thousand to 21.14 million, a third consecutive month of marked improvement.
Published on 2025-12-05

Canada Unemployment Rate Falls to 15-Month Low
The unemployment rate in Canada fell sharply to 6.5% in November of 2025 from 6.9% in the previous month, the lowest in 15 months, and contrasting sharply with expectations that it would rise to 7%. The result marked a reversal in the trend of a rising jobless rate through most of the year, as the unemployed population fell by 80 thousand from the previous month to 1.5 million. This was sharper than the 26 thousand reduction in the labor force, bringing the labor force participation rate to 65.1%. In the meantime, net employment jumped by 53.6 thousand to 21.14 million, a third consecutive month of marked improvement.
Published on 2025-12-05

Canada Unemployment Rate Unexpectedly Drops
The unemployment rate in Canada fell to 6.9% in October of 2025 from the four-year high of 7.1% in the previous month, compared with market expectations that it would remain unchanged at 7.1%. National employment increased by a net 66,600 jobs to 21,015,300, extending the jump from the previous month and contrasting sharply with bets that it would drop slightly. Meanwhile, the number of unemployed individuals fell by 49,200 to 1,557,300.
Published on 2025-11-07

Canada Unemployment Rate Unexpectedly Drops
The unemployment rate in Canada fell to 6.9% in October of 2025 from the four-year high of 7.1% in the previous month, compared with market expectations that it would remain unchanged at 7.1%. National employment increased by a net 66,600 jobs to 21,015,300, extending the jump from the previous month and contrasting sharply with bets that it would drop slightly. Meanwhile, the number of unemployed individuals fell by 49,200 to 1,557,300. Joblessness was lower for core-aged men (-0.2 percentage points to 6%) and was little changed for core-aged women (5.7%). In the meantime, the youth unemployment rate fell by 0.6% to 14.1% for its first decline since February. In turn, long-term unemployment was at 21.3% of the jobless population, comparable to the ratio from the corresponding period of the previous year.
Published on 2025-11-07