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The government's social distancing rules had the effect of limiting economic activity in the country. 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] Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed.
According to the IMF's 2018 annual Article IV Mission to Canada, compared to all the G7 countries, including the United States, Canada's "total government net debt-to-GDP ratio", is the lowest. [9] Canada has been the G7 leader in economic growth since 2016. [9] The unemployment rate in Canada is at its lowest level since c.1978. [9]
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 ...
The unemployment rate dipped to 3.7% from 3.9% in November, and the US economy added 199,000 jobs, according to the latest monthly data from the BLS. - CNN’s Alicia Wallace contributed to reporting.
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 number of people continuing to receive unemployment benefits also declined, falling by 26,000 to 1.86 million for the week ending October 19. Economists were expecting continuing claims to ...
This is a list of OECD countries by long-term unemployment rate published by the OECD. This indicator refers to the number of persons who have been unemployed for one year or more as a percentage of the labour force (the sum of employed and unemployed persons).
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 United States.