The unemployment rate in Canada fell to 7.8% in June of 2021 from 8.2% in May, slightly higher than forecasts of 7.7%. Most regions in the country began lifting coronavirus restrictions in June. Most indoor and outdoor dining, recreation and cultural activities, retail shopping, and personal care services had resumed or continued in eight provinces, with varying degrees of capacity restrictions. The total number of unemployed fell by 61,000, the number of people in the labour force increased by 170,000 and the labour force participation rate increased 0.6 percentage points to 65.2%. source: Statistics Canada
Unemployment Rate in Canada averaged 7.65 percent from 1966 until 2021, 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 2021.
Unemployment Rate in Canada is expected to be 7.90 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 6.60 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 6.50 percent in 2022 and 6.20 percent in 2023, according to our econometric models.