The unemployment rate in Canada decreased to 5.8 percent in October of 2018 from 5.9 percent in the previous month while markets had expected it to remain steady at 5.9 percent. It is the lowest jobless rate since July mainly due to a 18.2 thousand dip in labor force. The economy added only 11.2 thousand jobs in October, after an increase of 63.3 thousand in September and compared with market consensus of 10 thousand. Full-time hiring grew (+33.9 thousand) while part-time jobs fell (-22.6 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.

Canada Unemployment Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Canada Jobless Rate Falls to 3-Month Low of 5.8%


The unemployment rate in Canada decreased to 5.8 percent in October of 2018 from 5.9 percent in the previous month while markets had expected it to remain steady at 5.9 percent. It is the lowest jobless rate since July mainly due to a 18.2 thousand dip in labor force. The economy added only 11.2 thousand jobs in October, after an increase of 63.3 thousand in September and compared with market consensus of 10 thousand. Full-time hiring grew (+33.9 thousand) while part-time jobs fell (-22.6 thousand)

Employment rose slightly in Saskatchewan (+2,500), while there was little change in all other provinces.

More people were employed in business, building and other support services (+22,000); wholesale and retail trade (+19,000); and health care and social assistance (+15,000). In contrast, there were fewer workers in "other services (-17,000);" finance, insurance, real estate, rental and leasing (-15,000); and natural resources (-7,100).

There were fewer public sector employees (-31,000) in October, while there was little change in the number of private sector employees and the self-employed.

Employment among people in the core-aged group (25 to 54) rose by 31,000 in October, led by gains among men (+18,000). Meantime, the number of workers aged 55 and over rose by 19,000, the result of more employed women in this age category.

On the other hand, employment for youths aged 15 to 24 aged 15 to 24 (-39,000), nearly all in part-time work.


Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/2/2018 1:37:01 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 12:30 PM Unemployment Rate 6% 5.8% 5.9% 5.8%
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 5.8% 5.9%


Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 5.90 13.10 2.90 percent [+]
Employed Persons 18705.00 18693.80 18705.00 9636.70 Thousand [+]
Unemployed Persons 1141.70 1171.10 1748.90 691.50 Thousand [+]
Part Time Employment -22.60 80.20 136.30 -137.00 Thousand [+]
Full Time Employment 33.90 -16.90 148.40 -145.10 Thousand [+]
Employment Change 11.20 63.30 94.00 -124.80 Thousand [+]
Labor Force Participation Rate 65.20 65.40 67.70 61.40 percent [+]
Youth Unemployment Rate 11.00 11.00 20.70 10.30 percent [+]
Productivity 109.99 109.25 109.99 69.08 Index Points [+]
Labour Costs 116.80 117.22 117.22 49.37 Index Points [+]
Wages 24.87 24.83 25.06 13.73 CAD/Hour [+]
Wages in Manufacturing 25.06 24.90 26.30 14.96 CAD/Hour [+]
Minimum Wages 14.00 11.40 14.00 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 16632.00 16600.00 16632.00 10863.80 Thousand [+]
Job Vacancies 547300.00 462280.00 547300.00 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 -23.00 28.80 59.00 -23.00 Thousand [+]
Employment Rate 61.50 61.50 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.80 5.90 13.10 2.90 1966 - 2018 percent Monthly




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


Related

Latest