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Canadian Unemployment at 5.0%

March 10 2023 - Statistics Canada reported that employment rose by 22,000 jobs in February and the unemployment rate remained at 5.0%. Employment rose in New Brunswick, Manitoba, Newfoundland and Labrador, and Prince Edward Island in February. It fell in Nova Scotia but was little different elsewhere. Gains were prominent among older adults (55 to 64). Most of the growth overall was in full-time work.

Self-employment and public sector jobs remained steady.

The unemployment rate had fallen to 4.9% in June and July - 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 9.9% (Newfoundland and Labrador) to 4.1% (Quebec). (Quebec).

Rates for provinces were (previous month in brackets):

  • Newfoundland and Labrador 9.9% (11.8%)
  • Prince Edward Island 7.3% (7.7%)
  • Nova Scotia 5.7% (5.0%)
  • New Brunswick 6.3% (7.5%)
  • Quebec 4.1% (3.9%)
  • Ontario 5.1% (5.2%)
  • Manitoba 4.7% (4.2%)
  • Saskatchewan 4.3% (4.3%)
  • Alberta 5.8% (6.0%)
  • British Columbia 5.1% (4.4%)

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