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In September 2018 approximately 452,900 people were deemed unemployed in Ontario. With an Unemployment rate of roughly 5.9% Ontario is even with the Canada's overall unemployment level. The Unemployment rate is quite stable from month to month with an approximate 0.2% fluctuation. Since 2013 Ontario's Unemployment rate has dropped 2.0%.
The lowest level of national unemployment came in 1947 with a 2.2% unemployment rate, a result of the smaller pool of available workers caused by casualties from the Second World War. The highest level of unemployment throughout Canada was set in December 1982, when the early 1980s recession resulted in 13.1% of the adult population being out ...
While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States.
Canada's economy is considered to have been in recession for two full years in the early 1990s, specifically from April 1990 to April 1992. [7] [8] [a] Canada's recession began about four months before that of the US, and was deeper, likely because of higher inflationary pressures in Canada, which prompted the Bank of Canada to raise interest rates to levels 5 to 6 percentage points higher ...
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
Canada and the United States share a common trading relationship. Canada's job market continues to perform well along with the US, reaching a 30-year low in the unemployment rate in December 2006, following 14 consecutive years of employment growth. [152] Flags of Canada and the United States
Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1] In June 2021, a report revealed that Canada spent C$624.2 billion (US$517 billion) on pandemic-related measures. [2]
Cornwall's unemployment rate was about 4% at the time. [41] Cornwall Square, also known as "The Square," is a two-level 250,000-square-foot (23,000 m 2) shopping mall in Cornwall [42] on Water Street East, opposite to Lamoureux Park. In 2016, Cornwall had the 11th-lowest household median income in Canada and the second-lowest in Ontario, at ...