The unemployment rate in Canada decreased to 8.5 percent in November of 2020 from 8.9 percent in the previous month and compared to market expectations of 8.9 percent. Meanwhile, the economy added 62 thousand jobs, above forecasts of a 20 thousand gain as full-time employment rose by 99 thousand and part-time employment was down by 37 thousand. The labour force participation rate decreased to 65.1 percent from 65.2 percent in the prior month, compared to a consensus of 65.2 percent. The youth unemployment rate went down to 17.4 percent from 18.8 percent in the previous month, the lowest since March. source: Statistics Canada

Unemployment Rate in Canada averaged 7.64 percent from 1966 until 2020, 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 December of 2020.

Unemployment Rate in Canada is expected to be 8.40 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 7.90 in 12 months time. In the long-term, the Canada Unemployment Rate is projected to trend around 7.50 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Canada Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.90 13.70 2.90 1966 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-04 12:30 PM Aug 10.2% 10.9% 10.1% 10.3%
2020-10-09 12:30 PM Sep 9% 10.2% 9.7% 9.9%
2020-11-06 01:30 PM Oct 8.9% 9% 8.8% 9%
2020-12-04 01:30 PM Nov 8.5% 8.9% 8.9% 8.8%
2021-01-08 01:30 PM Dec 8.5% 8.4%
2021-02-05 01:30 PM Jan
2021-03-12 01:30 PM Feb
2021-04-09 12:30 PM Mar
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Canada Jobless Rate Unexpectedly Falls
The unemployment rate in Canada decreased to 8.5 percent in November of 2020 from 8.9 percent in the previous month and compared to market expectations of 8.9 percent. Meanwhile, the economy added 62 thousand jobs, above forecasts of a 20 thousand gain as full-time employment rose by 99 thousand and part-time employment was down by 37 thousand. The labour force participation rate decreased to 65.1 percent from 65.2 percent in the prior month, compared to a consensus of 65.2 percent. The youth unemployment rate went down to 17.4 percent from 18.8 percent in the previous month, the lowest since March.
2020-12-04
Canada Jobless Rate Falls Less than Expected
The unemployment rate in Canada fell to 8.9 percent in October of 2020 from 9.0 percent in the previous month and compared to market expectations of 8.8 percent. The jobless rate fell for the fifth successive month, down from an all-time high of 13.7% reached in May as a result of the COVID-19 economic shutdown, but still remaining well above 5.6% reported in February. The economy added 83.6 thousand jobs, still missing forecasts of a 100 thousand gain, due to both full-time work (+69.1 thousand) and part-time employment (+14.5 thousand). The labour force participation rate increased to 65.2 percent from 65 percent in the prior month, above consensus of 65 percent. The youth unemployment rate went down to 18.8 percent from 18.9 percent in September.
2020-11-06
Canada Jobless Rate Drops More than Expected
The unemployment rate in Canada dropped to 9.0 percent in September of 2020 from 10.2 percent in the previous month and well below market expectations of 9.7 percent. The jobless rate fell for the fourth consecutive month, down from an all-time high of 13.7% reached in May as a result of the COVID-19 economic shutdown, but still remaining well above 5.6% reported in February. The economy added 378.2 thousand jobs, beating forecasts of a 156.6 thousand gain, due to both full-time work (+334 thousand) and part-time employment (+44 thousand). The labour force participation rate increased to 65 percent from 64.6 percent in the prior month, above consensus of 64.8 percent. The youth unemployment rate declined to 18.9 percent from 23.1 percent in August.
2020-10-09
Canada Jobless Rate Falls Further in August
The unemployment rate in Canada decreased to 10.2 percent in August of 2020 from 10.9 percent in the previous month and slightly above market expectations of 10.1 percent. The economy added 245.8 thousand jobs, below forecasts of a 275 thousand gain, due to both full-time work (205.8 thousand) and part-time employment (40 thousand). The labour force participation rate went up to a six-month high of 64.6 percent from 64.3 percent in the prior month.
2020-09-04

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.