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Canada’s Unemployment Rate Equals the USA Rate

Canada’s Unemployment Rate Equals the USA Rate Using Comparatives

The unemployment rate in June rose by 0.1 percentage points to 7.1% as more people were searching for work in Canada.

Compared to last year, employment increased by 72,000 or 0.4%. It was the lowest yearly growth rate since February 2010. Little changed in the number of hours worked in the past 12 months.

Canada Unemployment rateAmong youths aged 15-24, employment declined by 44,000. However, their unemployment rate was not affected much and stood at 13.4% as fewer youths participated in the labour market.

In age group 25-54, employment declined by 26,000, mostly among women. The unemployment rate rose 0.3 percentage points to 6.1%.

Employment increased by 60,000 among people aged 55 and over, bringing their unemployment rate down 0.4 percentage points to 5.8%.

In Ontario, employment fell by 34,000, raising the unemployment rate for the province by 0.2 percentage points to 7.5%. In Newfoundland and Labrador, employment fell by 2,900 in June. It increased by 3,800 in Manitoba and by 2,700 in New Brunswick.

From the second quarter of 2013 to the second quarter of 2014, employment in Yukon was little changed and the unemployment rate fell from 5.3% to 4.3%. During the same period, employment in the Northwest Territories declined by 1,500 and the unemployment rate increased from 7.3% to 9.6%. In Nunavut, employment was little changed and the unemployment rate was also unchanged at 13.6%.

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