The labour force participation rate in Canada, defined as the percentage of the population aged 15 and older who are employed or unemployed, fell 0.3 percentage points in January 2021 to 64.7 percent, the lowest rate since August 2020. source: Statistics Canada
Labor Force Participation Rate in Canada averaged 65.52 percent from 1976 until 2021, reaching an all time high of 67.70 percent in December of 2003 and a record low of 0.10 percent in December of 2020. This page provides the latest reported value for - Canada Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Labor Force Participation Rate in Canada is expected to be 65.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Canada to stand at 65.60 in 12 months time. In the long-term, the Canada Labor Force Participation Rate is projected to trend around 65.60 percent in 2022 and 66.00 percent in 2023, according to our econometric models.