January 28, 2022

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Canada’s unemployment rate fell to 6% in November

The Canadian economy added 154,000 jobs in November, reducing the unemployment rate in the country to 6%, up from 6.7% in October, the public sector Statistics Canada (EC) announced this Friday.

Using November data, Canada’s unemployment rate is at the same level as it was shortly before the outbreak. In February 2020, the rate was 5.7% and with the advent of the epidemic it reached 13.7% in May last year.

In November, there were 186,000 more active workers than there were before February 2020. According to the EC, more than 19.3 million people worked in Canada last month.

The number of unemployed now stands at 1,243,800. The unemployment rate for young people between the ages of 15 and 24 is 10.5%. The proportion of males over the age of 25 is 5.5% and the proportion of females over that age is 5.1%.

The EC added that wages were currently 7.7% higher than in November 2019, and for the first time since the outbreak, the number of hours worked at the pre-February 2020 level was the same.

In addition, the number of long-term unemployed fell to 62,000 in November, the first decline since August this year.

The latest data on job demand in Canada shows that since September, Canadian companies have had to fill more than 1 million job vacancies, 450,000 more than in the third quarter of 2019, according to Canadian figures.

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