The unemployment rate in Canada fell to 5.1 percent in May of 2022 from 5.2 percent in April, while analysts expected it to remain unchanged. It was the lowest rate since comparable data became available in 1976. The rate was similar to or below previous all-time lows in four provinces: British Columbia (4.5 percent), New Brunswick (7.1 percent), Prince Edward Island (7.8 percent), and Newfoundland and Labrador (10.0 percent). source: Statistics Canada

Unemployment Rate in Canada averaged 7.62 percent from 1966 until 2022, 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 July of 2022.

Unemployment Rate in Canada is expected to be 5.50 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 5.50 percent in 2023, according to our econometric models.

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Canada Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 12:30 PM Apr 5.2% 5.3% 5.2% 5.3%
2022-06-10 12:30 PM May 5.1% 5.2% 5.2% 5.2%
2022-07-08 12:30 PM Jun 5.1% 5.1% 5.1%


Related Last Previous Unit Reference
Unemployment Rate 5.10 5.20 percent May 2022
Employed Persons 19640.30 19600.50 Thousand May 2022
Unemployed Persons 1057.80 1085.80 Thousand May 2022
Part Time Employment -95.80 47.10 Thousand May 2022
Full Time Employment 135.40 -31.60 Thousand May 2022
Employment Change 39.80 15.30 Thousand May 2022
Labor Force Participation Rate 65.30 65.30 percent May 2022
Youth Unemployment Rate 9.80 10.10 percent May 2022
Productivity 106.98 107.46 points Mar 2022
Labour Costs 124.15 120.53 points Mar 2022
Wages 28.68 28.53 CAD/Hour Apr 2022
Minimum Wages 15.50 15.00 CAD/Hour Oct 2022
Wages in Manufacturing 28.67 28.90 CAD/Hour Apr 2022
Population 38.44 38.01 Million Dec 2021
Employment Rate 61.90 61.90 percent May 2022
Average Hourly Earnings 32.14 31.80 CAD May 2022
Non Farm Payrolls 17457.00 17311.00 Thousand Apr 2022
Wage Growth 4.30 2.10 percent Mar 2022
Job Vacancies 890385.00 915545.00 Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.20 13.70 2.90 1966 - 2022 percent Monthly
SA

News Stream
Canada Unemployment at Fresh Record Low
The unemployment rate in Canada fell to 5.1 percent in May of 2022 from 5.2 percent in April, while analysts expected it to remain unchanged. It was the lowest rate since comparable data became available in 1976. The rate was similar to or below previous all-time lows in four provinces: British Columbia (4.5 percent), New Brunswick (7.1 percent), Prince Edward Island (7.8 percent), and Newfoundland and Labrador (10.0 percent).
2022-06-10
Canada Unemployment at Record Low
The unemployment rate in Canada fell to 5.2% in April of 2022 from 5.3% in March, in line with market expectations. It was the lowest rate on record since comparable data became available in 1976, extending the robust recovery for the labor market from the Covid-19 pandemic. Employment levels were relatively steady in both the goods and the services producing industries, with gains concentrated in New Brunswick, Nova Scotia, Newfoundland and Labrador, and Alberta. The unemployed population shrank by 14,400 thousand people (-1.3% to 1,085,000), while long-term unemployment was relatively unchanged at 224,000 people. On the other hand, the youth unemployment rate rose to 10.1% from 9.8% in the previous month. Meanwhile, the labor force participation rate edged down to 65.3% from 65.4%.
2022-05-06
Canada Unemployment at Record Low
The unemployment rate in Canada fell to 5.3% in March of 2022 from 5.5% in February, in line with market expectations. It was the lowest rate on record since comparable data became available in 1976, marking a robust recovery for the labor market from the Covid-19 pandemic. Employment increased for both the goods and services producing industries, with gains concentrated in Ontario and Quebec. The unemployed population shrank by 35,300 people (-3.1% to 1,102,000), while the long-term unemployment was relatively unchanged (at 225,000). The youth unemployment rate fell to 9.8% in March, from 10.9% in the previous month. Meanwhile, the labor force participation rate remained constant from the previous month at 65.4%.
2022-04-08