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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]
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 ...
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.
Statistics Canada says the unemployment rate fell to 5.3 per cent, the lowest level since record keeping began in 1976.
Canada added a net 54,700 positions, beating analysts' expectations of a 27,500 gain, while the jobless rate dipped to 5.9% from 6.0% in November, Statistics Canada said.
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 ...
Today Canada closely resembles the U.S. in its market-oriented economic system and pattern of production. [74] As of 2019, Canada has 56 companies in the Forbes Global 2000 list, ranking ninth just behind South Korea and ahead of Saudi Arabia. [75] International trade makes up a large part of the Canadian economy, particularly of its natural ...
In 2011, national unemployment rates hovered around 9% while unemployment rates for post-9/11 veterans exceeded 12%. For younger veterans aged 18 to 24, the unemployment rate approached a ...