Canada Unemployment Rate 1966-2014 | Data | Chart | Calendar | Forecast

Unemployment Rate in Canada decreased to 6.50 percent in October of 2014 from 6.80 percent in September of 2014. Unemployment Rate in Canada averaged 7.74 Percent from 1966 until 2014, 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 reported by the Statistics Canada.

   
  Forecast  

Canada Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.80 13.10 2.90 1966 - 2014 percent Monthly
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. Content for - Canada Unemployment Rate - was last refreshed on Sunday, November 23, 2014.


Canada Unemployment Rate Down to 6-Year Low


Canadian jobless rate fell to 6.5 percent in October of 2014 from 6.8 percent in September. It is the lowest rate since November of 2008. Employment edged up for the second consecutive month by 43,100.

Compared with October of 2013, part-time employment rose by 101,000 (+3.0 percent) and full-time employment was up 81,000 (+0.6 percent). Over the same period, the number of hours worked rose slightly (+0.4 percent).

All of the employment gains in October were among people aged 25 to 54, with most of the increase among women in this age group. Employment was little changed among youths aged 15 to 24 in October. However, their unemployment rate declined 0.9 percentage points to 12.6 percent as fewer youths searched for work. On a year-over-year basis, youth employment was up 39,000 (+1.6 percent).

Provincially, employment rose in Ontario, Manitoba, Nova Scotia and Prince Edward Island, while it declined in New Brunswick.

In October, employment grew in retail and wholesale trade; finance, insurance, real estate and leasing; manufacturing; and educational services. At the same time, employment was down in public administration, 'other services' and natural resources. Private sector employees increased by 71,000 in October, with notable gains in retail and wholesale trade, manufacturing, as well as finance, insurance, real estate and leasing. Self-employment also increased, up 26,000. At the same time, public sector employment fell by 54,000, mostly in public administration. The number of people employed in natural resources was down 22,000 in October. Compared with 12 months earlier, employment in the industry declined by 24,000 (-6.2 percent).

Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/7/2014 1:58:32 PM


Recent Releases

Canada Unemployment Rate Falls in September
Canadian jobless rate decreased by 0.2 percentage points to 6.8 percent in September of 2014, the lowest since December 2008. Employment increased by 74,000, nearly all in full-time work. Published on 2014-10-10

Canadian Unemployment Rate Unchanged in August
Canadian jobless rate remained unchanged at 7 percent in August of 2014 while employment unexpectedly fell including a record drop in private-sector jobs. Published on 2014-09-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-05 01:30 PM
Unemployment Rate  Aug 2014
7.0% 7.0% 7.0% 6.9%
2014-10-10 01:30 PM
Unemployment Rate  Sep 2014
6.8% 7.0% 7% 7%
2014-11-07 01:30 PM
Unemployment Rate  Oct 2014
6.5% 6.8% 6.9% 6.9%
2014-12-05 01:30 PM
Unemployment Rate  Nov 2014
6.5% 6.8%
2015-01-09 01:30 PM
Unemployment Rate  Dec 2014
6.8%
2015-02-06 01:30 PM
Unemployment Rate  Jan 2015
6.7%


Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.50 6.80 13.10 2.90 percent [+]
Employed Persons 17968.60 17925.50 17968.60 9636.70 Thousand [+]
Full Time Employment 26.50 69.30 132.00 -125.70 Thousand [+]
Employment Change 43.10 74.10 96.20 -135.80 Thousand [+]
Unemployed Persons 1258.80 1297.70 1748.90 691.50 Thousand [+]
Youth Unemployment Rate 12.60 13.50 20.70 10.40 percent [+]
Productivity 106.28 104.43 106.28 69.61 Index Points [+]
Labor Force Participation Rate 66.00 66.00 67.80 61.40 percent [+]
Wages 23.04 23.05 23.35 13.73 CAD [+]
Wages in Manufacturing 23.65 23.44 23.90 14.96 CAD [+]
Labour Costs 114.59 114.30 126.60 58.30 Index Points [+]
Population 35.35 35.06 35.35 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 [+]
Minimum Wages 11.00 10.25 11.00 1.00 CAD [+]