News

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.
Published on 2020-02-07

Canada Jobless Rate Falls to 5.6%
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.
Published on 2020-01-10

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.
Published on 2019-12-06

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).
Published on 2019-11-08

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).
Published on 2019-10-11

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).
Published on 2019-09-06

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.
Published on 2019-08-09

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).
Published on 2019-07-05

Canada Jobless Rate Falls to Lowest Since 1976
The unemployment rate in Canada fell to 5.4 percent in May of 2019 from 5.7 percent in the previous month and below market expectations of 5.7 percent. It was the lowest since comparable data became available in 1976. The economy added 27.7 thousand jobs, entirely driven by full-time positions. Compared with May 2018, employment grew by 453,000 or 2.4 percent, reflecting gains in both full-time (+299,000) and part-time (+154,000) work.
Published on 2019-06-07

Canada Jobless Rate Falls to 5.7%
The unemployment rate in Canada fell to 5.7 percent in April 2019 from 5.8 percent in the previous month and slightly below market expectations of 5.8 percent. The economy added 106.5 thousand jobs, the largest rise in employment on record, driven by both full-time positions (+73 thousand) and part-time employment (+33.6 thousand). The labour force participation rate rose to 65.9 percent from 65.7 percent in March, above market forecasts of 65.7 percent.
Published on 2019-05-10

Canada Jobless Rate Steady at 5.8%
The unemployment rate in Canada was at 5.8 percent in March 2019, unchanged from the previous month and in line with market expectations. It remained the highest jobless rate since October last year for the third consecutive month. Employment declined unexpectedly by 7.2 thousand, against market expectations of a 1 thousand gain. In the first quarter of 2019, employment rose by 116 thousand.
Published on 2019-04-05

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).
Published on 2019-03-08

Canada Unemployment Rate Above Forecasts
The unemployment rate in Canada rose to 5.8 percent in January of 2019 from 5.6 percent in the previous month and above market expectations of 5.7 percent. The economy added 66.8 thousand jobs in January, after creating 9.3 thousand in December and compared with market consensus of 8 thousand. Part-time employment advanced 36 thousand and full-time employment rose 30.9 thousand.
Published on 2019-02-08

Canada Jobless Rate Unchanged at Lowest Since 1976
The unemployment rate in Canada stood at 5.6 percent in December of 2018, the same as in the previous month and compared with market expectations of 5.7 percent. It remains the lowest jobless rate since comparable data became available in 1976. The economy added 9.3 thousand jobs in December, after creating 94.1 thousand in November and compared with market consensus of 5.5 thousand. Part-time employment advanced (+28.3 thousand) while full-time employment dropped (-18.9 thousand).
Published on 2019-01-04

Canada Jobless Rate Lowest Since 1976
The unemployment rate in Canada decreased to 5.6 percent in November of 2018 from 5.8 percent in the previous month while markets had expected it to remain steady at 5.8 percent. It is the lowest jobless rate since comparable data became available in 1976. The economy added 94.1 thousand jobs in November, after creating 11.2 thousand in October and compared with market consensus of 11 thousand. Full-time hiring grew (+89.9 thousand) and part-time jobs increased (+4.1 thousand).
Published on 2018-12-07

Canada Jobless Rate Drops to 3-Month Low of 5.8%
The unemployment rate in Canada decreased to 5.8 percent in October of 2018 from 5.9 percent in the previous month while markets had expected it to remain steady at 5.9 percent. It is the lowest jobless rate since July mainly due to a 18.2 thousand dip in labor force. The economy added only 11.2 thousand jobs in October, after an increase of 63.3 thousand in September and compared with market consensus of 10 thousand. Full-time hiring grew (+33.9 thousand) while part-time jobs fell (-22.6 thousand).
Published on 2018-11-02

Canada Jobless Rate Falls to 5.9% in September
The unemployment rate in Canada decreased to 5.9 percent in September of 2018 from 6.0 percent in the previous month and in line with market expectations. The economy added 63,300 jobs after losing 51,600 in August and well above market consensus of a 25,000 gain. Part-time employment advanced (+80,200) while full-time employment dropped (-16,900).
Published on 2018-10-05

Canada Jobless Rate Rises to 6% in August
The unemployment rate in Canada rose to 6.0 percent in August of 2018 from 5.8 percent in the previous month and above market expectations of 5.9 percent. Following two months of increases, employment decreased by 51,600, after creating 54,100 in July and well below market consensus of a 5,000 gain, as part-time employment dropped (-92,000) while full time advanced (+40,400).
Published on 2018-09-07

Canada Jobless Rate Falls to 5.8% in July
The unemployment rate in Canada decreased to 5.8 percent in July of 2018 from 6.0 percent in the prior month and below market expectations of 5.9 percent. The jobless rate fell back to its lowest on record, as employment increased by 54,000, after creating 31,800 in June and beating market consensus of 17,000, mainly due to gains in part-time work (+82,000) while full-time fell by 28,000.
Published on 2018-08-10

Canada Jobless Rate Hits 8-Month High of 6.0%
The unemployment rate in Canada rose to 6.0 percent in June 2018 from 5.8 percent in the previous month and compared with market expectations of 5.8 percent. It was the highest jobless rate since October, mainly as labor force grew by nearly 76 thousand, the biggest monthly increase in six years. The economy added 31.8 thousand jobs in June, after shedding 7.5 thousand in May and beating market expectations of 24 thousand, mostly part-time jobs (+22.7 thousand). Meantime, full-time positions were up by 9.1 thousand.
Published on 2018-07-06