The unemployment rate in Canada came in at 5.6 percent in December of 2018, unchanged from the previous month while markets had expected an increase to 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 jobs increased (+28.3 thousand) while full-time jobs decreased (-18.9 thousand). Unemployment Rate in Canada averaged 7.65 percent from 1966 until 2018, reaching an all time high of 13.10 percent in December of 1982 and a record low of 2.90 percent in June of 1966.

Unemployment Rate in Canada is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Canada to stand at 6.30 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 6.70 percent in 2020, according to our econometric models.

Canada Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-05 12:30 PM Unemployment Rate 5.9% 6% 5.9% 6%
2018-11-02 12:30 PM Unemployment Rate 5.8% 5.9% 5.9% 6%
2018-12-07 01:30 PM Unemployment Rate 5.6% 5.8% 5.8% 5.9%
2019-01-04 01:30 PM Unemployment Rate 5.6% 5.6% 5.7% 5.70%
2019-02-08 01:30 PM Unemployment Rate 5.6% 5.80%
2019-03-08 01:30 PM Unemployment Rate 5.80%
2019-04-05 12:30 PM Unemployment Rate 6.00%



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.



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



Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 5.60 13.10 2.90 percent [+]
Employed Persons 18808.40 18799.10 18808.40 9636.70 Thousand [+]
Unemployed Persons 1125.10 1124.80 1748.90 691.50 Thousand [+]
Part Time Employment 28.30 4.10 136.30 -137.00 Thousand [+]
Full Time Employment -18.90 89.90 148.40 -145.10 Thousand [+]
Employment Change 9.30 94.10 94.10 -124.80 Thousand [+]
Labor Force Participation Rate 65.40 65.40 67.70 61.40 percent [+]
Youth Unemployment Rate 11.10 10.80 20.70 10.30 percent [+]
Productivity 105.70 105.43 105.70 67.65 Index Points [+]
Labour Costs 105.63 116.80 117.22 49.37 Index Points [+]
Wages 25.38 25.24 25.38 13.73 CAD/Hour [+]
Wages in Manufacturing 25.66 25.29 26.30 14.96 CAD/Hour [+]
Minimum Wages 15.00 14.00 15.00 1.00 CAD/Hour [+]
Population 36.96 36.89 36.96 17.91 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Non Farm Payrolls 16658.00 16633.00 16658.00 10863.80 Thousand [+]
Job Vacancies 551170.00 547280.00 551170.00 329710.00 [+]
Living Wage Family 2580.00 2640.00 2640.00 2440.00 CAD/Month [+]
Living Wage Individual 1930.00 1960.00 1960.00 1790.00 CAD/Month [+]
Adp Employment Change -13.00 74.00 74.00 -13.00 Thousand [+]
Employment Rate 61.70 61.70 63.70 56.00 percent [+]


Canada Unemployment Rate

In Canada, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.60 13.10 2.90 1966 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.82 Sep/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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