Unemployment in Canada

Canada Unemployment | Economic News & Forecasts

Canada - Unemployment

Growth likely accelerated in the second quarter, after the first quarter’s weak showing. GDP data for April beat expectations, with the mining, quarrying and oil and gas extraction sector expanding strongly as production cuts eased in Alberta’s oil sands. Moreover, housing starts surged, which will have supported residential investment, while annual non-farm earnings growth jumped in April and the country registered a multi-decade low unemployment rate in the second quarter. That said, a decline in monthly retail sales in May suggests consumers remained cautious, while the average manufacturing PMI in Q2 was in contractionary territory for the first time in several years amid trade frictions and ebbing global growth. In politics, China suspended Canadian pork and beef imports in late June after a banned drug was allegedly found in a Canadian pork shipment in mid-June. The move highlights a broader deterioration in ties with the Asian giant.

Canada - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  6.9  6.9  7.0  6.3  

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Canada Unemployment Chart

Canada Unemployment
Note: Unemployment in % of active population.
Source: Statistics Canada.

Canada Facts

Bond Yield1.491.00 %Jul 30
Exchange Rate1.320.15 %Jul 31
Stock Market16,4070.23 %Jul 31

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