Canada Unemployment Rate - Forecast

Unemployment Rate in Canada is expected to be 6.00 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 6.10 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.


Forecast Data Chart
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Canada Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6 6 5.9 6 6.1 6.7
Employed Persons 18630 18645 18675 18713 18752 18100
Unemployed Persons 1195 1201 1300 1214 1217 1340
Part Time Employment -92 18.94 0.72 3.74 3.86 3.83
Full Time Employment 40.4 7.64 16.96 15.2 15.26 15.34
Employment Change -51.6 11.38 12.08 12.08 12.08 12.08
Labor Force Participation Rate 65.3 65.5 65.6 65.6 65.6 67
Youth Unemployment Rate 10.9 12 12 11.5 11.03 11.8
Productivity 110 110 111 111 111 114
Labour Costs 117 117 119 118 118 123
Wages 24.86 24.6 25 24.6 24.87 25.8
Wages in Manufacturing 25.47 26.8 27.4 27.9 25.39 30
Minimum Wages 14 14 14 15 14.54 15
Population 36.96 37.55 37.3 37.77 37.84 37.9
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Non Farm Payrolls 16584 16675 16000 16797 16855 16000
Job Vacancies 462280 459784 459626 459661 459653 459655
Living Wage Family 2690 2750 2750 2830 2834 2800
Living Wage Individual 1970 2048 2057 2047 2038 2028
Adp Employment Change 13.6 44.22 19.51 5.07 46.04 30.88
Employment Rate 61.4 61.39 61.7 61.25 61.21 62.2