The unemployment rate in Canada rose to 13 percent in April of 2020 from 7.8 percent in the previous month and compared to market expectations of 18 percent. Over the period since comparable data became available in 1976, the April unemployment rate was second only to the 13.1 percent observed in December 1982. The April unemployment rate would be 17.8 percent, when adjusted to reflect those who were not counted as unemployed for reasons specific to the COVID-19 economic shutdown. The economy shed more than 1.99 million jobs due to both full-time work (-1472 thousand) and part-time employment (-521.9 thousand). The labour force participation rate went down to 58.9 percent from 63.5 percent, the lowest on record. In April, the overall youth unemployment rate increased to 27.2 percent from 16.8 percent in the prior month, the highest on record.

Unemployment Rate in Canada averaged 7.61 percent from 1966 until 2020, 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. 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 May of 2020. source: Statistics Canada

Unemployment Rate in Canada is expected to be 16.80 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 15.00 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 10.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.

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Canada Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.00 7.80 13.10 2.90 1966 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 01:30 PM Jan 5.5% 5.6% 5.6% 5.8%
2020-03-06 01:30 PM Feb 5.6% 5.5% 5.6% 5.6%
2020-04-09 12:30 PM Mar 7.8% 5.6% 7.2% 7%
2020-05-08 12:30 PM Apr 13% 7.8% 18% 17%
2020-06-05 12:30 PM May 13% 17%
2020-07-10 12:30 PM Jun 16.8%
2020-08-07 12:30 PM Jul
2020-09-04 12:30 PM Aug


News Stream
Canada Jobless Rate Highest Since 1982
The unemployment rate in Canada rose to 13 percent in April of 2020 from 7.8 percent in the previous month and compared to market expectations of 18 percent. Over the period since comparable data became available in 1976, the April unemployment rate was second only to the 13.1 percent observed in December 1982. The April unemployment rate would be 17.8 percent, when adjusted to reflect those who were not counted as unemployed for reasons specific to the COVID-19 economic shutdown. The economy shed more than 1.99 million jobs due to both full-time work (-1472 thousand) and part-time employment (-521.9 thousand). The labour force participation rate went down to 58.9 percent from 63.5 percent, the lowest on record. In April, the overall youth unemployment rate increased to 27.2 percent from 16.8 percent in the prior month, the highest on record.
2020-05-08
Canada Jobless Rate Rises to Over 9-Year High
The unemployment rate in Canada rose to 7.8 percent in March 2020 from 5.6 percent in the previous month and above market expectations of 7.2 percent. It was the highest jobless rate since October 2010, as the coronavirus pandemic began to take hold. The economy shed more than 1 million jobs, well above forecasts of a 350 thousand decline, due to both full-time work (-474 thousand) and part-time employment (-536.7 thousand). The labour force participation rate went down to 63.5 percent from 65.5 percent, its lowest level since June 1979. In March, the overall youth unemployment rate increased to 16.8 percent from 10.3 percent in the prior month, recording the highest jobless rate since June 1997.
2020-04-09
Canada February Jobless Rate Edges Up to 5.6%
The unemployment rate in Canada rose marginally to 5.6 percent in February of 2020 from 5.5 percent in the previous month and matching market expectations, Th economy added 30.3 thousand jobs, beating forecasts of a 10 thousand increase, driven by gains in full-time work (41.9 thousand) and part-time employment (39.4 thousand). The labour force participation rate went up to 65.5 percent from 64.4 percent in January, while markets had expected it to remain steady. In February, the overall youth unemployment rate was unchanged at 10.3%.
2020-03-06
Canada Jobless Rate Unexpectedly Falls to 5.5% in January
The unemployment rate in Canada fell to 5.5 percent in January 2020 from 5.6 percent in the previous month and below market expectations of 5.6 percent. The economy added 34.5 thousand jobs, beating forecasts of a 15 thousand rise, driven by gains in full-time work (+35.7 thousand) while part-time employment declined (-1.2 thousand). The labour force participation rate dropped to 65.4 percent from 65.5 percent in December, compared to market consensus of 65.6 percent.
2020-02-07

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.