The unemployment rate in Canada fell for the third straight month to 7.1% in August of 2021 from 7.5% in July, slightly below market forecasts of 7.3%. That was the lowest jobless rate since the onset of the Covid-19 pandemic in February of 2020, as most jurisdictions in Canada had implemented the final or near-final stages of their public health reopening plans. The total number of unemployed fell by 81,400, the number of people in the labour force increased by 9,000 and the labour force participation rate dropped by 0.1 percentage points to 65.1%. Employment rose by 90,200, the third consecutive monthly increase, but missing market estimates of 100,000. Job gains were concentrated in full-time work (+69,000; +0.4%). Unemployment for youth aged 15 to 24 was little changed in August. 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 September of 2021.

Unemployment Rate in Canada is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
7.10 7.50 13.70 2.90 1966 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-04 12:30 PM May 8.2% 8.1% 8.2% 8.2%
2021-07-09 12:30 PM Jun 7.8% 8.2% 7.7% 7.9%
2021-08-06 12:30 PM Jul 7.5% 7.8% 7.4% 7.9%
2021-09-10 12:30 PM Aug 7.1% 7.5% 7.3% 7.3%
2021-10-08 12:30 PM Sep 7.1%
2021-11-05 01:30 PM Oct
2021-12-03 01:30 PM Nov


News Stream
Canada Jobless Rate Falls to 1-1/2-Year Low
The unemployment rate in Canada fell for the third straight month to 7.1% in August of 2021 from 7.5% in July, slightly below market forecasts of 7.3%. That was the lowest jobless rate since the onset of the Covid-19 pandemic in February of 2020, as most jurisdictions in Canada had implemented the final or near-final stages of their public health reopening plans. The total number of unemployed fell by 81,400, the number of people in the labour force increased by 9,000 and the labour force participation rate dropped by 0.1 percentage points to 65.1%. Employment rose by 90,200, the third consecutive monthly increase, but missing market estimates of 100,000. Job gains were concentrated in full-time work (+69,000; +0.4%). Unemployment for youth aged 15 to 24 was little changed in August.
2021-09-10
Canada Jobless Rate Falls Less than Expected
The unemployment rate in Canada fell to 7.5% in July of 2021 from 7.8% in June, slightly higher than forecasts of 7.4%. It was the lowest jobless rate since March. Between the June and July reference weeks, many jurisdictions substantially eased public health restrictions affecting indoor and outdoor dining, recreation and cultural activities, retail shopping, and personal care services. The total number of unemployed fell by 70,000, the number of people in the labour force increased by 24,000 and the labour force participation rate was unchanged at 65.2%. Employment rose by 94,000, missing market estimates of 177,500, with job gains concentrated in full-time work (+83,000; +0.5%); the first increase since March 2021. Unemployment among youth aged 15 to 24 fell by 54,000.
2021-08-06
Canada Jobless Rate Falls to 7.8% as Restrictions Ease
The unemployment rate in Canada fell to 7.8% in June of 2021 from 8.2% in May, slightly higher than forecasts of 7.7%. Most regions in the country began lifting coronavirus restrictions in June. Most indoor and outdoor dining, recreation and cultural activities, retail shopping, and personal care services had resumed or continued in eight provinces, with varying degrees of capacity restrictions. The total number of unemployed fell by 61,000, the number of people in the labour force increased by 170,000 and the labour force participation rate increased 0.6 percentage points to 65.2%.
2021-07-09
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 Unemployment Rate
In Canada, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.