The unemployment rate in Canada increased to 8.2 percent in May of 2021 from 8.1 in the previous month, in line with market expectations. Employment fell by 68,000 (-0.4%), with almost all of the decline in part-time work (-54,000; -1.6%). The unemployment rate among visible minority Canadians aged 15 to 69 rose 1.5 percentage points to 11.4% (not seasonally adjusted). Long-term unemployment, the number of people unemployed for 27 weeks or more, held relatively steady at 478,000. The labor force participation rate decreased to 64.6 percent from 64.9 percent in the previous month, the lowest since August 2020. Meantime, the youth unemployment rate fell to 15.9 percent in May from 16.1 percent in the previous month. source: Statistics Canada

Unemployment Rate in Canada averaged 7.65 percent from 1966 until 2021, reaching an all time high of 13.70 percent in May of 2020 and a record low of 2.90 percent in June of 1966. This page provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Unemployment Rate in Canada is expected to be 7.90 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 7.10 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 6.50 percent in 2022 and 6.20 percent in 2023, according to our econometric models.

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Canada Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.20 8.10 13.70 2.90 1966 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-12 01:30 PM Feb 8.2% 9.4% 9.2% 9.4%
2021-04-09 12:30 PM Mar 7.5% 8.2% 8% 8%
2021-05-07 12:30 PM Apr 8.1% 7.5% 7.8% 7.8%
2021-06-04 12:30 PM May 8.2% 8.1% 8.2% 8.2%
2021-07-09 12:30 PM Jun 8.2%
2021-08-06 12:30 PM Jul
2021-09-10 12:30 PM Aug
2021-10-08 12:30 PM Sep


News Stream
Canada Jobless Rate Edges Up to 8.2% in May
The unemployment rate in Canada increased to 8.2 percent in May of 2021 from 8.1 in the previous month, in line with market expectations. Employment fell by 68,000 (-0.4%), with almost all of the decline in part-time work (-54,000; -1.6%). The unemployment rate among visible minority Canadians aged 15 to 69 rose 1.5 percentage points to 11.4% (not seasonally adjusted). Long-term unemployment, the number of people unemployed for 27 weeks or more, held relatively steady at 478,000. The labor force participation rate decreased to 64.6 percent from 64.9 percent in the previous month, the lowest since August 2020. Meantime, the youth unemployment rate fell to 15.9 percent in May from 16.1 percent in the previous month.
2021-06-04
Canada Jobless Rate Rises More than Expected
The unemployment rate in Canada rose to 8.1 percent in April of 2021 from 7.5 percent in the previous month, above market expectations of 7.8 percent, driven by increases in the number of people searching for work (+67,000; +4.9%) and those on temporary layoff (+57,000; +37.6%). With the exception of up-ticks in December, January and April, the unemployment rate has trended downward from its peak of 13.7% in May 2020. The youth unemployment rate climbed to 16.1 percent in April from 14 percent in the previous month. Meantime, the labor force participation rate decreased to 64.9 percent from 65.2 percent in the previous month.
2021-05-07
Canada Jobless Rate Falls More than Expected
The unemployment rate in Canada declined for the second consecutive month in March of 2021, falling 0.7 percentage points to 7.5 percent, the lowest since February 2020 and well below market expectations of 8 percent. This reflected strong employment growth that exceeded the number of people entering the labour market. The number of people unemployed fell 148,000 (-8.9%) in March, with the majority (59.0%) of people leaving unemployment becoming employed. Despite sharp reductions in both February and March, the number of people unemployed stood at 1.5 million, up 371,000 (+32.4%) compared with February 2020. Looking ahead, restrictions have been tightened in a number of jurisdictions across Canada, including in British Columbia, Quebec and Ontario, where "circuit breaker" lockdowns of various degrees have been implemented in recent weeks and are likely to impact the next labour market release on May 7th.
2021-04-09
Canada Jobless Rate at 11-Month Low
The unemployment rate in Canada fell to 8.2 percent in February of 2021, the lowest since March 2020 and following 9.4 percent in January. Figures came much lower than market forecasts of 9.2 percent as public health restrictions put in place in late December were eased in many provinces, allowing for the re-opening of many non-essential businesses, cultural and recreational facilities, and some in-person dining. The number of long-term unemployed fell by 49,000 (-9.7 percent) from a record high of 512,000 in January.
2021-03-12

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.