Canadian Unemployment at 6.5%

October 11 2024 - Statistics Canada reported that employment rose by 47,000 in September and the unemployment rate fell by 0.1% to 6.5%. Employment rose in Ontario (+43,000; +0.5%), Quebec (+22,000; +0.5%), Manitoba (+5,100; +0.7%) and Nova Scotia (+3,000; +0.6%) in September, while there was a fall in British Columbia (-18,000; -0.6%) and New Brunswick (-4,100; -1.0%). There was little change elsewhere.

The unemployment rate had fallen to 4.9% in June and July 2023 - the lowest since records began in 1976. It had reached 13.7% at its worst in May 2020, compared with 5.6% in February 2020.

Seasonally adjusted, unemployment rates vary from 10.0% (Newfoundland and Labrador) to 5.5% (Quebec). (Quebec).

Rates for provinces were (previous month in brackets):

• Newfoundland and Labrador 10.0% (10.4%)
• Prince Edward Island 7.1% (8.2%)
• Nova Scotia 6.3% (6.7%)
• New Brunswick 6.7% (6.5%)
• Quebec 5.5% (5.7%)
• Ontario 6.9% (7.1%)
• Manitoba 5.7% (5.8%)
• Saskatchewan 5.7% (5.4%)
• Alberta 7.5% (7.7%)
• British Columbia 6.0% (5.8%)

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