The unemployment rate in Canada decreased to 5.6 percent in November of 2018 from 5.8 percent in the previous month while markets had expected it to remain steady at 5.8 percent. It is the lowest jobless rate since comparable data became available in 1976. The economy added 94.1 thousand jobs in November, after creating 11.2 thousand in October and compared with market consensus of 11 thousand. Full-time hiring grew (+89.9 thousand) and part-time jobs increased (+4.1 thousand). Unemployment Rate in Canada averaged 7.65 percent from 1966 until 2018, reaching an all time high of 13.10 percent in December of 1982 and a record low of 2.90 percent in June of 1966.

Unemployment Rate in Canada is expected to be 5.90 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 5.80 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 12:30 PM Unemployment Rate 6% 5.8% 5.9% 5.8%
2018-10-05 12:30 PM Unemployment Rate 5.9% 6% 5.9% 6%
2018-11-02 12:30 PM Unemployment Rate 5.8% 5.9% 5.9% 6%
2018-12-07 01:30 PM Unemployment Rate 5.6% 5.8% 5.8% 5.9%
2019-01-04 01:30 PM Unemployment Rate 5.6% 5.9%
2019-02-08 01:30 PM Unemployment Rate
2019-03-08 01:30 PM Unemployment Rate


Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 5.80 13.10 2.90 percent [+]
Employed Persons 18799.10 18705.00 18799.10 9636.70 Thousand [+]
Unemployed Persons 1124.80 1141.70 1748.90 691.50 Thousand [+]
Part Time Employment 4.10 -22.60 136.30 -137.00 Thousand [+]
Full Time Employment 89.90 33.90 148.40 -145.10 Thousand [+]
Employment Change 94.10 11.20 94.10 -124.80 Thousand [+]
Labor Force Participation Rate 65.40 65.20 67.70 61.40 percent [+]
Youth Unemployment Rate 10.80 11.00 20.70 10.30 percent [+]
Productivity 105.70 105.43 105.70 67.65 Index Points [+]
Labour Costs 105.63 116.80 117.22 49.37 Index Points [+]
Wages 25.24 24.87 25.24 13.73 CAD/Hour [+]
Wages in Manufacturing 25.29 25.06 26.30 14.96 CAD/Hour [+]
Minimum Wages 14.00 11.40 14.00 1.00 CAD/Hour [+]
Population 36.96 36.89 36.96 17.91 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Non Farm Payrolls 16658.00 16633.00 16658.00 10863.80 Thousand [+]
Job Vacancies 547300.00 462280.00 547300.00 329710.00 [+]
Living Wage Family 2580.00 2640.00 2640.00 2440.00 CAD/Month [+]
Living Wage Individual 1930.00 1960.00 1960.00 1790.00 CAD/Month [+]
Adp Employment Change -23.00 28.80 59.00 -23.00 Thousand [+]
Employment Rate 61.70 61.50 63.70 56.00 percent [+]


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. This page provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.80 13.10 2.90 1966 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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