The unemployment rate in Canada stood at 5.8 percent in February 2019, the highest level since October, as more people searched for work (+55.1 thousand). The economy added 55.9 thousand jobs, entirely driven by full-time positions (+67.4 thousand) while part-time employment fell (-11.6 thousand). Unemployment Rate in Canada averaged 7.64 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.

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 6.30 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 5.60 percent in 2020, according to our econometric models.

Canada Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
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% 5.6% 5.7% 5.70%
2019-02-08 01:30 PM Unemployment Rate 5.8% 5.6% 5.7% 5.7%
2019-03-08 01:30 PM Unemployment Rate 5.8% 5.8% 5.8% 5.80%
2019-04-05 12:30 PM Unemployment Rate 5.8% 6.00%
2019-05-10 12:30 PM Unemployment Rate 5.90%
2019-06-07 12:30 PM Unemployment Rate 5.90%



Canada Jobless Rate Steady at 4-Month High of 5.8%

The unemployment rate in Canada stood at 5.8 percent in February 2019, the highest level since October, as more people searched for work (+55.1 thousand). The economy added 55.9 thousand jobs, entirely driven by full-time positions (+67.4 thousand) while part-time employment fell (-11.6 thousand).

The number of unemployed dropped to 1161.3 thousand in February 2019 from 1162 thousand in January while employment rose to 18929.8 thousand from 18873.9 thousand in the prior month. The labour force participation rate rose to 65.8 percent in February from 65.6 percent January, beating market forecasts of 65.4 percent. It is the highest rate since December 2017.

Ontario was the sole province with a notable employment gain in February (+37,000). Employment declined in Manitoba (-3,300), and was little changed in the remaining provinces.

More people were employed in professional, scientific and technical services (+18,000); public administration (+14,000); natural resources (+8,000); and agriculture (+6,000). At the same time, there were fewer workers in accommodation and food services (-14,000), as well as transportation and warehousing (-11,000).

In both the public and private sectors, there was little change in the number of employees in February. When combined, the total number of employees in the two sectors increased by 41,000. Also, self-employment was little changed.

Employment rose for both women and men aged 15 to 24 (+29,000), while it was little changed for the other demographic groups.


Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/8/2019 3:02:26 PM



Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 5.80 13.10 2.90 percent [+]
Employed Persons 18929.80 18873.90 18929.80 9636.70 Thousand [+]
Unemployed Persons 1161.30 1162.00 1748.90 691.50 Thousand [+]
Part Time Employment -11.60 36.00 136.30 -124.40 Thousand [+]
Full Time Employment 67.40 30.90 148.40 -145.10 Thousand [+]
Employment Change 55.90 66.80 94.00 -124.80 Thousand [+]
Labor Force Participation Rate 65.80 65.60 67.70 61.40 percent [+]
Youth Unemployment Rate 10.80 11.20 20.70 10.30 percent [+]
Productivity 106.22 106.63 106.63 67.27 Index Points [+]
Labour Costs 107.34 105.63 117.22 49.37 Index Points [+]
Wages 25.70 25.46 25.70 13.73 CAD/Hour [+]
Wages in Manufacturing 26.57 25.65 26.57 14.96 CAD/Hour [+]
Minimum Wages 14.00 14.00 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 [+]
Wage Growth 1.80 1.90 5.50 -0.40 percent [+]
Non Farm Payrolls 16748.90 16706.10 16748.90 10863.80 Thousand [+]
Job Vacancies 551170.00 547280.00 551170.00 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 36.20 32.90 74.00 -20.90 Thousand [+]
Average Hourly Earnings 28.18 27.96 28.18 15.88 CAD [+]
Employment Rate 62.00 61.80 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.80 5.80 13.10 2.90 1966 - 2019 percent Monthly




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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