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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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Canada Top 25 Best Places to Live

Top 25 cities:canada

Alberta

Canada’s Best Places to Live 2015: Time to Think Small

The best place to live in Canada is small, really small. It is often assumed that residing in a modest-sized town implies giving up access to most services and amenities you need but it may not be true everywhere. Satellite communities have evolved around major centres to deliver small-town flare with big-city conveniences. Several of these communities aren’t just great places to live: they’re in fact Canada’s best-kept secrets. An example is St. Albert, a community of just 64,000 on the edge of Edmonton. Very few Canadians have likely ever heard of it. But it tops MoneySense’s annual Best Places to Live ranking.

Canada Top 25 Best Places to Live

About half of the top 20 cities on our list are west of Winnipeg. The area offers plenty of opportunities to land high-paying jobs, and the city is fast expanding its transit system and growing its cultural scene. The westward tilt brings some casualties in the east. For instance in Orillia and Owen Sound in Ontario, growth is stagnant and the job outlook is dim.

Many big cities took a step back this year, except for Quebec City, Laval, Que., and Vancouver. A dichotomy is emerging in the La Belle Province, where little-known communities like Boucherville, Lévis and Rimouski are jumping up the list while Montreal sinks towards the bottom.

Several critics point out that we don’t include intangible considerations – like the best scenery or hottest attractions – into our methodology. This is true and we don’t take these things into account because such characteristics aren’t the point of this exercise. This isn’t the ‘best places to visit list’, it’s the ‘best places to live list’. The characteristics we take into account include good access to medical care, low crime, good public transportation and nice weather. And most importantly, the best places to live in Canada have to be affordable. So measures like housing prices, employment and wealth are particularly given the greatest weighting in our methodology.

 

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