The unemployment rate in Canada dropped to 10.9 percent in July 2020, easing further from April’s record high of 13.7 percent and compared with market expectations of 11 percent, as people continued to return to the labor market amid the easing of coronavirus-induced lockdowns restrictions. The economy added 418.5 thousand jobs, above forecasts of a 400 thousand gain, due to both full-time work (73.2 thousand) and part-time employment (345.3 thousand). The labour force participation rate went up to 64.3 percent from 63.8 percent in the prior month. The youth unemployment rate declined to 24.2 percent from 27.5 percent in June.

Unemployment Rate in Canada averaged 7.62 percent from 1966 until 2020, 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 August of 2020. source: Statistics Canada

Unemployment Rate in Canada is expected to be 15.00 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 9.00 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 7.50 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Canada Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.90 12.30 13.70 2.90 1966 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 12:30 PM Apr 13% 7.8% 18% 17%
2020-06-05 12:30 PM May 13.7% 13% 15% 15.5%
2020-07-10 12:30 PM Jun 12.3% 13.7% 12% 11.9%
2020-08-07 12:30 PM Jul 10.9% 12.3% 11% 11.3%
2020-09-04 12:30 PM Aug 10.9%
2020-10-09 12:30 PM Sep 11.7%
2020-11-06 01:30 PM Oct
2020-12-04 01:30 PM Nov


News Stream
Canada Jobless Rate Falls More than Expected
The unemployment rate in Canada dropped to 10.9 percent in July 2020, easing further from April’s record high of 13.7 percent and compared with market expectations of 11 percent, as people continued to return to the labor market amid the easing of coronavirus-induced lockdowns restrictions. The economy added 418.5 thousand jobs, above forecasts of a 400 thousand gain, due to both full-time work (73.2 thousand) and part-time employment (345.3 thousand). The labour force participation rate went up to 64.3 percent from 63.8 percent in the prior month. The youth unemployment rate declined to 24.2 percent from 27.5 percent in June.
2020-08-07
Canada Jobless Rate Falls from Record High
The unemployment rate in Canada fell to 12.3 percent in June 2020 from a record high of 13.7 percent in May, and compared market expectations of 12 percent, as several people returned to the labor market amid the easing of coronavirus-induced lockdowns restrictions. The economy added a record 952.9 thousand jobs, above forecasts of a 700 thousand gain, due to both full-time work (+488.1 thousand) and part-time employment (+464.8 thousand). The labour force participation rate went up to 63.8 percent from 61.4 percent in the previous month while the youth unemployment rate dropped to 27.5 percent from an all-time high of 29.4 percent in May.
2020-07-10
Canada Jobless Rate Hits Record High of 13.7%
The unemployment rate in Canada rose to 13.7 percent in May of 2020 from 13 percent in the previous month and below market expectations of 15 percent. Still, it was the highest jobless rate since comparable data became available in 1976, amid an increase in job seekers after the easing in lockdown restrictions in some parts of the country. The economy unexpectedly added 289.6 thousand jobs, against market expectations of a 500 thousand decline, driven by both full-time work (+219 thousand) and part-time employment (+70 thousand). The easing of Covid-19 restrictions and workplace adaptations likely contributed to the increase. The labour force participation rate went up to 61.4 percent from 59.8 percent in April. The overall youth unemployment rate continued to climb to 29.4 percent from 27.2 percent in the previous month, the highest rate ever recorded.
2020-06-05
Canada Jobless Rate Highest Since 1982
The unemployment rate in Canada rose to 13 percent in April of 2020 from 7.8 percent in the previous month and compared to market expectations of 18 percent. Over the period since comparable data became available in 1976, the April unemployment rate was second only to the 13.1 percent observed in December 1982. The April unemployment rate would be 17.8 percent, when adjusted to reflect those who were not counted as unemployed for reasons specific to the COVID-19 economic shutdown. The economy shed more than 1.99 million jobs due to both full-time work (-1472 thousand) and part-time employment (-521.9 thousand). The labour force participation rate went down to 58.9 percent from 63.5 percent, the lowest on record. In April, the overall youth unemployment rate increased to 27.2 percent from 16.8 percent in the prior month, the highest on record.
2020-05-08

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.