The unemployment rate in Canada fell to a new pandemic-low of 6.0% in November of 2021 from 6.7% in September, below market expectations of 6.6% and within 0.3 percentage points from the jobless rate recorded in February of 2020. It was the sixth straight month of declines, as Ontario and Quebec lifted more capacity restrictions and distancing requirements in settings where proof of vaccination was already required. The unemployed population shrank by 122,000 (-8.9% to 1,243,800), while the number of employed increased by 153,700 people (+0.8% to 19,316,100) far outstripping market forecasts of a 37,000 addition. Meanwhile, the number of people in the labour force increased by 32,000, (0.2% to 20,560,000) translating to a labour force participation rate of 65.3% in November, unchanged from the previous month. source: Statistics Canada

Unemployment Rate in Canada averaged 7.64 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 December of 2021.

Unemployment Rate in Canada is expected to be 6.50 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 6.20 percent in 2022, according to our econometric models.

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Canada Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-05 12:30 PM Oct 6.7% 6.9% 6.8% 6.9%
2021-12-03 01:30 PM Nov 6% 6.7% 6.6% 6.6%
2022-01-07 01:30 PM Dec 6%


Related Last Previous Unit Reference
Unemployment Rate 6.00 6.70 percent Nov/21
Employed Persons 19316.10 19162.40 Thousand Nov/21
Unemployed Persons 1243.80 1365.60 Thousand Nov/21
Part Time Employment 73.80 -5.20 Thousand Nov/21
Full Time Employment 79.90 36.40 Thousand Nov/21
Employment Change 153.70 31.20 Thousand Nov/21
Labor Force Participation Rate 65.30 65.30 percent Nov/21
Youth Unemployment Rate 10.50 10.20 percent Nov/21
Labour Costs 120.63 117.14 points Sep/21
Productivity 109.01 110.67 points Sep/21
Wages 27.49 27.46 CAD/Hour Sep/21
Minimum Wages 14.35 14.25 CAD/Hour Oct/21
Wages in Manufacturing 27.43 27.54 CAD/Hour Sep/21
Population 38.01 37.78 Million Dec/20
Average Hourly Earnings 31.18 31.03 CAD Nov/21
Employment Rate 61.40 61.00 percent Nov/21
Wage Growth 2.60 2.56 percent Sep/21
Non Farm Payrolls 16613.90 16289.10 Thousand Jul/21
Job Vacancies 731905.00 553480.00 Jun/21

News Stream
Canada Jobless Rate at New Pandemic Low
The unemployment rate in Canada fell to a new pandemic-low of 6.0% in November of 2021 from 6.7% in September, below market expectations of 6.6% and within 0.3 percentage points from the jobless rate recorded in February of 2020. It was the sixth straight month of declines, as Ontario and Quebec lifted more capacity restrictions and distancing requirements in settings where proof of vaccination was already required. The unemployed population shrank by 122,000 (-8.9% to 1,243,800), while the number of employed increased by 153,700 people (+0.8% to 19,316,100) far outstripping market forecasts of a 37,000 addition. Meanwhile, the number of people in the labour force increased by 32,000, (0.2% to 20,560,000) translating to a labour force participation rate of 65.3% in November, unchanged from the previous month.
2021-12-03
Canada Jobless Rate Falls More than Expected
The unemployment rate in Canada declined for the fifth straight month to 6.7% in October of 2021 from 6.9% in September, below market expectations of 6.8%, as the implementation of proof-of-vaccination requirements expanded through workplaces across more provinces, which allowed for non-essential venues to reopen more safely. That was the lowest jobless rate since the onset of the pandemic in February of last year and within 1 percentage point from the 5.7% recorded in February 2020. The unemployed population shrank by 56,000 (-4.0% to 1,365,600), while the number of employed increased by 31,200 people (+0.2% to 19,162,400) but missed market forecasts of a 50,000 ris. Meanwhile, the number of people in the labour force fell by 25,000, (-0.1% to 20,528,000) translating to a labour force participation rate of 65.3% in October.
2021-11-05
Canada Jobless Rate Edges Down as Expected
The unemployment rate in Canada declined for the fourth straight month to 6.9% in September of 2021 from 7.1% in August, as widely expected. That was the lowest jobless rate since the onset of the pandemic in February of last year, as several provinces had implemented proof-of-vaccination requirements, or planned to do so, which allowed for non-essential venues to reopen more safely. The unemployed population was little changed, while the number of people in the labour force increased by 139,000, translating into a 0.4 percentage point increase in the labour force participation rate to 65.5%. Employment surged by 157,000 to pre-pandemic levels, easily beating market estimates of a 65,000 increment. Job gains were concentrated in full-time work (+193,600), as part-time employment shrank (-36,500).
2021-10-08

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.