Canada Unemployment Rate  1966-2017 | Data | Chart | Calendar | Forecast

The unemployment rate in Canada fell to 6.2 percent in August of 2017 from 6.3 percent in July, beating market expectations of 6.3 percent. It reached a new low since October of 2008, the month prior to the 2008-2009 labour-market downturn. The economy added 22 thousand jobs, as more people were working in finance, insurance, real estate, rental and leasing as well as in transportation and warehousing. Unemployment Rate in Canada averaged 7.69 percent from 1966 until 2017, 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.

Canada Unemployment Rate
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Canada Jobless Rate Drops to New 2008 Low of 6.2%


The unemployment rate in Canada fell to 6.2 percent in August of 2017 from 6.3 percent in July, beating market expectations of 6.3 percent. It reached a new low since October of 2008, the month prior to the 2008-2009 labour-market downturn. The economy added 22 thousand jobs, as more people were working in finance, insurance, real estate, rental and leasing as well as in transportation and warehousing.

An increase in the number of people working part time (+110,000) was mostly offset by a decline in the number of people employed full time (-88,000). While the increase in part-time employment was spread across the age groups, most of the decrease in full-time employment occurred for youth aged 15 to 24. The overall employment decline for youth was accompanied by a notable decrease in their labour force participation.

In the 12 months to August, employment rose by 374,000 (+2.1%), with gains in both full-time (+213,000 or +1.5%) and part-time work (+161,000 or +4.6%). Over this period, the number of hours worked increased by 2.2%.

Provincially, Ontario was the lone province with a notable employment gain in August. Employment declined in Nova Scotia and was little changed in the other provinces.

In August, more people were working in finance, insurance, real estate, rental and leasing as well as in transportation and warehousing. At the same time, employment fell in manufacturing, in the "other services" industry and in natural resources.

There were more self-employed workers in August, while the number of employees was little changed in both the private and public sectors.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
9/8/2017 12:34:05 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-07 12:30 PM Unemployment Rate 6.5% 6.6% 6.6% 6.6%
2017-08-04 12:30 PM Unemployment Rate 6.3% 6.5% 6.5% 6.5%
2017-09-08 12:30 PM Unemployment Rate 6.2% 6.3% 6.3% 6.3%
2017-10-06 12:30 PM Unemployment Rate 6.2% 6.3%
2017-11-03 12:30 PM Unemployment Rate 6.2%
2017-12-01 01:30 PM Unemployment Rate 6.2%


Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.20 6.30 13.10 2.90 percent [+]
Employed Persons 18444.10 18421.90 18444.10 9636.70 Thousand [+]
Unemployed Persons 1226.60 1246.80 1748.90 691.50 Thousand [+]
Part Time Employment 110.40 -24.30 136.30 -89.80 Thousand [+]
Full Time Employment -88.10 35.10 148.40 -145.10 Thousand [+]
Employment Change 22.20 10.90 94.00 -124.80 Thousand [+]
Labor Force Participation Rate 65.70 65.70 67.70 61.40 percent [+]
Youth Unemployment Rate 11.50 11.10 20.70 10.40 percent [+]
Productivity 109.45 109.64 109.64 69.08 Index Points [+]
Labour Costs 114.65 115.48 116.47 49.37 Index Points [+]
Wages 24.27 24.31 24.73 13.73 CAD/Hour [+]
Wages in Manufacturing 25.45 25.19 26.55 14.96 CAD/Hour [+]
Minimum Wages 11.40 11.40 11.40 1.00 CAD/Hour [+]
Population 36.44 35.99 36.44 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 [+]
Living Wage Family 1777.70 1777.80 1777.80 1750.90 CAD/Month [+]
Living Wage Individual 1514.65 1514.72 1514.72 1506.91 CAD/Month [+]
Job Vacancies 387505.00 381270.00 437370.00 329710.00 [+]
Non Farm Payrolls 16150.30 16130.80 16150.30 10863.80 Thousand [+]
Employment Rate 61.60 61.60 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.20 6.30 13.10 2.90 1966 - 2017 percent Monthly




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.80 Jul/17
Italy 11.30 Jul/17
Turkey 10.20 Jun/17
France 9.50 Jun/17
Euro Area 9.10 Jul/17
Canada 6.20 Aug/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.70 Aug/17
United States 4.40 Aug/17
United Kingdom 4.30 Jul/17
China 3.95 Jun/17
South Korea 3.80 Aug/17
Germany 3.70 Jul/17
Mexico 3.40 Jul/17
Switzerland 3.00 Aug/17
Japan 2.80 Jul/17