Unemployment Rate

• Canada’s unemployment rate just fell for 1st time in 3 months

  Canada's job market bounced back slightly in October as the national unemployment rate fell for the first time in three months, dipping to 6.9 per cent.

  Canada

  Nov 7
  
• Canada lost 41K jobs in July, but unemployment rate holds steady at 6.9%

  Statistics Canada says youth aged 15 to 24 saw the biggest employment drop in July amid the tough summer jobs market, with 34,000 lost.

  Canada

  Aug 8
  
• Advertisement
• U.S. adds 139K new jobs in May, but numbers down from April

  Trump’s aggressive and unpredictable policies – especially his sweeping taxes on imports – have muddied the outlook for the economy and the job market.

  Economy

  Jun 6
• Advertisement
• Lethbridge bucks the trend, gains ground amid national job losses

  As Canada suffered 33,000 job losses in March, Lethbridge managed to fill 400 new positions despite seeing the unemployment rate rise slightly.

  Economy

  Apr 4
• BMO changes rate cut call after surprise jump in Canada’s jobless rate

  The November jobs figures are the final major economic data release before the Bank of Canada makes its last interest rate decision of the year on Dec. 11.

  Economy

  Dec 6, 2024
• Labour force participation rate hits 27-year low, outside the pandemic

  Canada's labour market added roughly 15,000 jobs in October, enough to keep the unemployment rate steady at 6.5 per cent in the month.

  Economy

  Nov 8, 2024
• Jobless rate drops to 6.5% in September. What that means for rate cut hopes

  Statistics Canada said Friday that job gains were focused in full-time work and in the private sector, offset by losses in part-time roles and public employment.

  Economy

  Oct 11, 2024
• Bank of Canada hopes job growth will ‘pick up’ amid rate cuts: Macklem

  Bank of Canada governor Tiff Macklem says the health of the labour market is one consideration feeding into the central bank's interest rate decisions.

  Economy

  Sep 10, 2024
• Advertisement
• Canada’s unemployment rate hits 7-year high in August

  More signs of weakness in the Canadian labour market have some economists wondering if the Bank of Canada should pick up the pace of cuts.

  Economy

  Sep 6, 2024
• Advertisement
• July jobs report ‘does nothing to dissuade’ more rate cuts: economists

  Economists reacting to July's job figures say there's little in the labour force data to dissuade the Bank of Canada from further cuts to the benchmark interest rate.

  Economy

  Aug 9, 2024