Unemployment Rate

• Canada’s unemployment rate hits 7-year high in August

  More signs of weakness in the Canadian labour market have some economists wondering if the Bank of Canada should pick up the pace of cuts.

  Economy

  Sep 6
  
• July jobs report ‘does nothing to dissuade’ more rate cuts: economists

  Economists reacting to July's job figures say there's little in the labour force data to dissuade the Bank of Canada from further cuts to the benchmark interest rate.

  Economy

  Aug 9
  
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• What is the Sahm rule, and why are U.S. market watchers ‘freaking out?’

  The 'Sahm rule' has been triggered in the United States. Here's what this indicator typically means for recessions and what Canadians should know.

  Economy

  Aug 8
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• Canadian youth face the toughest summer job market in decades. Why?

  Canadian youth are facing one of the hardest summer job markets in decades. Here's why it's so hard to land that first job, and what young workers can do to stand out.

  Economy

  Jul 10
• Jobless rate rises to 6.4% in June. Here’s how the Bank of Canada might react

  The unemployment rate rose to 6.4 per cent in June. Here's what economists and markets are saying about the impact the data could have on the Bank of Canada's interest rate.

  Economy

  Jul 5
• Newcomers, youth hit hardest as job market cools: Bank of Canada’s Macklem

  Tiff Macklem pointed out that while overall labour force cooling has been 'reasonably smooth' in aggregate, the data can mask worrying trends for some groups in the jobs market.

  Economy

  Jun 24
• Jobless rate rises to 6.2% in May. Are more rate cuts in the cards?

  Employment was up in Canada last month, but gains were concentrated in part-time jobs. Experts say there are signs of weakness in the Canadian labour market.

  Economy

  Jun 7
• How rate cut bets are changing after April jobs ‘shocker’

  Canada's unemployment rate was steady at 6.1 per cent in April as employers collectively added some 90,000 jobs in a surprisingly strong Labour Force Survey.

  Economy

  May 10
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• More youth are seeking EI amid rising unemployment rates: StatCan

  Statistics Canada's data showed that the number of youth receiving employment insurance in February increased for the fourth consecutive month.

  Canada

  Apr 18
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• Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why

  Statistics Canada says the unemployment rate hit 6.1 per cent in March amid a loss of 2,200 jobs and a rapidly growing labour pool.

  Economy

  Apr 5