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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 ...
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs. [32]
In Canada in October 2018, 11,200 new full-time jobs were added, lowering the unemployment rate to 5.8%—a "40-year low, underpinning expectations that the Bank of Canada would keep raising interest rates". [13] However, the "labor participation rate fell to its lowest point since October 1998—65.2%. [13]
In 2021, Canadian trade in goods and services reached $2.016 trillion. [37] ... reaching a 30-year low in the unemployment rate in December 2006, following 14 ...
Yet while 25-54 year-olds make up the majority of the unemployed, as of 2018 they had the lowest unemployment rate of any demographic, at 5.0 percent. The 15 to 24 year-old age group has the highest unemployment rate at 12.2% (2018).
Royal Bank of Canada analysis showed that by 2022, Canadian housing had become the least affordable that it had ever been. [8] That record was broken a year later, with 63.8% of the median household income required to cover ownership costs of aggregate housing types. [9] Housing is considered affordable at less than 30% of before tax household ...
September 2010 Canadian unemployment rate: 8.0% [22] October 2010 Canadian unemployment rate: 7.9% [23] November 2010 Canadian unemployment rate: 7.6% [26] The employment rate has been stabilized between 8.0% and 11.0% for the past two years; signifying the economic strength of Canada's financial institutions compared to its counterparts in the ...
Both recessions had high unemployment after the recessionary period had officially ended with unemployment rates of 12% and 11.4%, in 1983 and 1993, respectively. [20] Other sources describe the early 1990s recession as "the deepest in Canada since the Great Depression of the 1930s" naming it "the Great Canadian Slump of 1990–92." [21]