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Between mid-2022 and early 2024, Canada's unemployment rate increased by 1.6%, a rise historically associated with recessionary periods in Canada since the 1970s. This increase, though smaller relative to its prior major recessions, was considered significant given its emergence from post-pandemic record lows.
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 ...
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 ...
OTTAWA (Reuters) -Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data ...
In a June 7, 2008 article in The Globe and Mail, Heather Scoffield wrote that for the first time since 1982, Canada's unemployment rate was lower than that of the United States. Scoffield said that this indicated that the economic recession was "less painful in Canada" where the May unemployment rate was 6.1% while the US rate was 5.5%. [37]
The unemployment rate stands at 4.2% as of November. Friday brings a fresh reading on the labor market, with economists expecting the jobless rate to hold steady at 4.2%.
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. [149] Flags of Canada and the United States. The United States is by far Canada's largest trading partner, with more than $1.7 billion CAD in trade per day in ...
U.S. unemployment rate and employment to population ratio (EM ratio) Wage share and employment rate in the U.S. Employment-to-population ratio, also called the employment rate, [1] is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [2] [3]) that is employed