The unemployment rate in Canada fell to 5.6 percent in December of 2019 from 5.9 percent in the previous month and below market expectations of 5.8 percent. The economy added 35.2 thousand jobs, driven by gains in full-time work (+38.4 thousand). Meantime, the labour force participation rate fell to 65.5 percent from 65.6 percent in November, below market consensus of 65.7 percent. During the year, the unemployment rate declined to a record low of 5.4 percent in May. Unemployment Rate in Canada averaged 7.61 percent from 1966 until 2019, 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. source: Statistics Canada

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 5.80 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

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Canada Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.90 13.10 2.90 1966 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-11 12:30 PM Sep 5.5% 5.7% 5.7% 5.70%
2019-11-08 01:30 PM Oct 5.5% 5.5% 5.5% 5.6%
2019-12-06 01:30 PM Nov 5.9% 5.5% 5.5% 5.5%
2020-01-10 01:30 PM Dec 5.6% 5.9% 5.8% 5.9%
2020-02-07 01:30 PM Jan 5.6% 5.9%


News Stream
2019-12-06
Canada Jobless Rate Rises to Over 1-Year High of 5.9%
The unemployment rate in Canada rose to 5.9 percent in November 2019 from 5.5 percent in the previous month and compared with market expectations of 5.5 percent. It was the highest jobless rate since September last year, as the economy shed 71.2 thousand jobs, due to a fall in both full time employment (-38.4 thousand) and part-time (-32.8 thousand). The labour force participation rate fell to 65.6 percent from 65.7 percent in October, below market consensus of 65.7 percent.

2019-11-08
Canada Jobless Rate Steady at 5.5%
The unemployment rate in Canada was at 5.5 percent in October 2019, unchanged from the previous month and in line with market expectations, remaining the lowest jobless rate since June. The economy shed 1.8 thousand jobs, as full time employment declined (-16,100) while part-time rose (+14,300).

2019-10-11
Canada Jobless Rate Falls to 3-Month Low of 5.5%
The unemployment rate in Canada fell to 5.5 percent in September of 2019 from 5.7 percent in the previous month and below market expectations of 5.7 percent. It was the lowest jobless rate since June, as the economy added 53.7 thousand jobs, driven by gains in full-time work (+70 thousand) while part-time works fell (-16.3 thousand).

2019-09-06
Canada Jobless Rate Remains at 4-Month High of 5.7%
The unemployment rate in Canada remained unchanged at 5.7 percent in August of 2019, matching the high of April and in line with market expectations. Employment rose by 81,100, well above an expected 15,000 gain, driven by both full-time employment (+23,800) and part-time employment (+57,200).

2019-08-09
Canada Jobless Rate Unexpectedly Rises to 5.7%
The unemployment rate in Canada rose to 5.7 percent in July of 2019 from 5.5 percent in the previous month and compared with market expectations of 5.5 percent. The economy cut 24.2 thousand jobs, missing forecasts of a 12.5 thousand gain, led by both full time and part time jobs.

2019-07-05
Canada Jobless Rate Rises to 5.5% in June
The unemployment rate in Canada rose to 5.5 percent in June of 2019 from 5.4 percent in the previous month, in line with market expectations. Employment decreased by 2,200, after rising by 27,700 in May and missing market consensus of a 10,000 gain, as part-time employment dropped (-26,200) while full time advanced (+24,100).


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.

Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 5.90 13.10 2.90 percent [+]
Employed Persons 19127.40 19092.20 19165.20 9636.70 Thousand [+]
Unemployed Persons 1142.80 1194.30 1748.90 691.50 Thousand [+]
Part Time Employment -3.20 -32.80 136.30 -124.40 Thousand [+]
Full Time Employment 38.40 -38.40 148.40 -145.10 Thousand [+]
Employment Change 35.20 -71.20 106.50 -124.80 Thousand [+]
Labor Force Participation Rate 65.50 65.60 67.70 61.40 percent [+]
Youth Unemployment Rate 11.10 11.60 20.70 10.00 percent [+]
Productivity 106.95 106.71 106.95 67.27 points [+]
Labour Costs 109.95 108.82 109.95 43.75 points [+]
Wages 25.79 25.55 25.79 13.73 CAD/Hour [+]
Wages in Manufacturing 25.89 26.04 26.54 14.96 CAD/Hour [+]
Minimum Wages 14.00 14.00 14.00 1.00 CAD/Hour [+]
Population 37.31 36.96 37.31 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 [+]
Wage Growth 3.30 3.70 5.50 -0.40 percent [+]
Non Farm Payrolls 17016.20 17022.30 17022.30 10863.80 Thousand [+]
Job Vacancies 581595.00 506140.00 581595.00 330215.00 [+]
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 46.20 30.90 110.00 -37.00 Thousand [+]
Average Hourly Earnings 28.91 28.95 28.99 15.88 CAD [+]
Employment Rate 61.80 61.70 63.70 56.00 percent [+]