Canada Unemployment Rate - Forecast

Unemployment Rate in Canada is expected to be 6.40 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 6.50 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 6.70 percent in 2020, according to our econometric models.


Canada Unemployment Rate
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Canada Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.7 6.4 6.5 6 6.5 6.7
Employed Persons 18648 18694 18749 18780 18797 18100
Unemployed Persons 1130 1140 1143 1149 1300 1340
Part Time Employment 54.9 2.38 4.36 4.41 4.39 4.39
Full Time Employment 23.7 20.8 17.57 15.13 13.8 12.74
Employment Change 78.6 30.5 23.23 20.26 18.72 17.19
Labor Force Participation Rate 65.8 66.3 66.3 66.1 66.4 67
Youth Unemployment Rate 10.3 13 13 10.94 12.5 11.8
Productivity 109 109 109 109 109 108
Labour Costs 115 114 114 114 119 123
Wages 24.34 24.28 24.28 24.27 24.27 25.53
Wages in Manufacturing 25.13 25.25 25.23 25.22 25.21 26.23
Minimum Wages 14 14 14 14 14 15
Population 36.89 37.3 37.3 37.3 37.3 37.9
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Non Farm Payrolls 16349 16100 16100 16370 16000 16000
Job Vacancies 467685 371101 399866 427318 414607 405491
Living Wage Family 2690 2830 2833 2835 2838 2830
Living Wage Individual 1970 2030 2039 2048 2057 2036
Adp Employment Change -7.1 59.87 -7.05 59.82 -7 -6.73
Employment Rate 62 61.3 61.3 62.32 61.7 62.2