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Unemployment reached its lowest level since before the COVID-19 pandemic struck, as the Canada jobs pictures took another step forwards in August. The Statistics Canada Labour Market Survey recorded an unemployment rate of 7.1 percent, down 0.4 percentage points on July, as Canada’s economic recovery continued. As unemployment fell, employment rose for the third consecutive
The Canada jobs picture continued to improve in July, as employment rose by 94,000 and the unemployment rate fell to 7.5 per cent. The Statistics Canada Labour Market Survey shows that two months of growth in June and July totalled 325,000 jobs, putting Canada just 246,000 jobs, or 1.3 per cent, behind the pre-coronavirus February
Restrictions imposed to combat the third wave of the COVID-19 pandemic took their toll on the Canada jobs picture in April, new figures show. The federal government Labour Market Survey reveals employment fell by 207,100 jobs during the month, as several provinces were forced into new lockdowns. Unemployment rose from 7.5 percent to 8.1 percent,
Canada’s unemployment rate dropped to its lowest level since the start of the COVID-19 pandemic in March, according to the latest federal government figures released Friday. The Statistics Canada Labour Market Survey recorded unemployment of 7.5 percent, as Canada jobs increased by 303,100 during the month, moving employment within 1.5 percent of pre-COVID levels. The
Canada saw an employment rebound in February, adding 259,000 jobs and seeing the lowest unemployment since March 2020, when COVID-19 restrictions were first imposed. The Canada jobs Labour Market Survey saw an unemployment rate of 8.2 percent, as the major provinces of Quebec and Ontario spearheaded the recovery. Stakeholders will be hoping the figures are
Canada lost 213,000 jobs in January as second wave coronavirus restrictions took hold on the economies of Ontario and Quebec, according to the latest federal government figures. The Canada jobs Labour Market Survey saw unemployment increase to 9.4 percent during the month, as the country took a step back in its economic recovery from COVID-19.
Canada’s coronavirus recovery continued in November as employment rose by more than 62,000 and unemployment dropped to 8.5 percent. The Canada jobs Labour Force Survey recorded an employment increase of 0.3 percent for the month, slower than previous months but still another step in the right direction. The month saw full-time employment rise by 99,000,
Canada saw its unemployment rate edge down as it added 83,600 jobs in October, despite many provinces reimposing restrictions due to the second wave of COVID-19. The Canada jobs Labour Force Survey showed the unemployment rate fell 0.1 percentage points to 8.9 per cent compared to September. Of the employment increase, the majority was in
The Canadian economy surpassed growth expectations last fall, renewing hope that the recession is slowing down. According to the latest figures from Statistics Canada, the economy grew by 0.3 percent in both September and October, surpassing predictions. Overall the economy grew every month in 2013 excepting June. “Canada’s economy is showing sustained strength for the
According to a report by the CIBC, the number of non-permanent residents in Canada has more than doubled over the past decade. In total, there are almost 770,000 non-permanent residents in Canada – 450,000 more than there were 10 years ago – and they have a substantial impact on the housing market and consumer spending.
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