Unemployment

Economy adds 41,000 jobs in February, unemployment rate rises to 5.8%

Economy adds 41,000 jobs in February, unemployment rate rises to 5.8%

Mar 8, 2024 | 8:29am
The Canadian economy added 41,000 jobs in February as employment gains continue to lag strong population growth in the country. The federal agency’s labour force survey released Friday says the unemployment rate ticked up to 5.8 per cent last month. Job gains were spread across several industries in the services-producing sector, with the strongest employment growth in […]
Canada’s unemployment rate fell to 5.7% in January, first decline since December 2022

Canada’s unemployment rate fell to 5.7% in January, first decline since December 2022

Feb 9, 2024 | 8:10am
Canada’s unemployment rate fell to 5.7 per cent last month, marking the first decline since December 2022, Statistics Canada reported on Friday. The agency’s labour force survey said the economy added 37,000 jobs in January after several months of relatively no change in employment. Canada’s labour market cooled significantly last year as high interest rates […]
Unemployment rate rises to 5.8% in November as job market continues to cave

Unemployment rate rises to 5.8% in November as job market continues to cave

Dec 1, 2023 | 11:32am
Canada’s unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country’s population is growing rapidly. Statistics Canada released its November labour force survey Friday, showing the economy added a modest 25,000 jobs, slightly surpassing forecasters’ expectations. Manufacturing and construction saw the […]
Canada’s jobless rate rises to 5.7% in October as economy sees modest 18,000 job gain

Canada’s jobless rate rises to 5.7% in October as economy sees modest 18,000 job gain

Nov 3, 2023 | 7:22am
Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates. Statistics Canada released its October labour force survey Friday, which showed the economy added a modest 18,000 jobs. The gain was not enough to keep the unemployment rate from rising […]
Economy adds 64K jobs in September, unemployment rate holds steady at 5.5%

Economy adds 64K jobs in September, unemployment rate holds steady at 5.5%

Oct 6, 2023 | 10:10am
The Canadian economy added more jobs than expected last month, but with the gains driven by a seasonal spike in education employment and an increase in part-time work, economists say the job market is weaker than it looks. Statistics Canada released its September labour force survey Friday morning, which shows employment rose by 64,000 jobs. The unemployment rate continued […]