Canadian Unemployment at 6.6%

September 6 2024 - Statistics Canada reported that employment rose by 22,000 in August but the unemployment rate also rose (by 0.2%) to 6.6% as more people looked for work due to population growth. Employment rose in Alberta (+13,000; +0.5%), Nova Scotia (+5,000; +1.0%), Manitoba (+4,400; +0.6%) and Prince Edward Island (+900; +1.0%), while there was a fall in Newfoundland and Labrador (-2,400; -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 10.4% (Newfoundland and Labrador) to 5.4% (Saskatchewan). (Quebec).

Rates for provinces were (previous month in brackets):

• Newfoundland and Labrador 10.4% (9.6%)
• Prince Edward Island 8.2% (8.9%)
• Nova Scotia 6.7% (7.0%)
• New Brunswick 6.5% (7.2%)
• Quebec 5.7% (5.7%)
• Ontario 7.1% (6.7%)
• Manitoba 5.8% (5.7%)
• Saskatchewan 5.4% (5.4%)
• Alberta 7.7% (7.1%)
• British Columbia 5.8% (5.5%)

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