unemployment rate Archives

13 Mar

Canada Sheds 84,000 Jobs in February; Unemployment Rises to 6.7%

Rajeev Sharma0 CommentsCanadaBank Of Canada, Canada Jobs Report, Economic News, StatCan, unemployment rate

Ottawa (Rajeev Sharma) — Canada’s labour market suffered a major setback in February 2026 as the economy unexpectedly lost 84,000 jobs, driving the national unemployment rate up to 6.7%. According to the latest Labour Force Survey from Statistics Canada, the decline was far more severe than economists had predicted, marking one of the worst monthly job losses since the COVID-19 pandemic. The report comes at a sensitive time for the Canadian economy, which is currently grappling with trade uncertainty, new U.S. tariff investigations, and the ripple effects of the ongoing conflict in West Asia. Key Figures: A "Brutal" Month for…

Canada Loses Jobs in January, but Shrinking Labour Force Pushes Unemployment Lower

Rajeev Sharma0 CommentsCanadaCanadian jobs report, labour force decline, manufacturing jobs, Statistics Canada, unemployment rate

Ottawa (Rajeev Sharma): Canada’s economy recorded a net loss of 25,000 jobs in January, but the national unemployment rate edged down to 6.5 per cent as fewer people participated in the labour market, according to new data released by Statistics Canada. The decline in employment was largely driven by losses in the private sector and part-time positions, with women aged 25 to 54 most affected. Despite the drop in jobs, the unemployment rate fell from 6.8 per cent in December, reflecting a notable decrease in the number of Canadians actively seeking work. Ontario accounted for a significant share of the…

Canada Loses 40,800 Jobs in July as Employment Rate Drops to Eight-Month Low

Rajeev Sharma0 CommentsCanadaCanada job losses, employment rate, unemployment rate, youth unemployment

Ottawa, August 9, 2025 – Canada’s labour market took a significant hit in July, shedding 40,800 jobs and reversing much of the strong hiring seen in June, when the economy had added 83,000 positions. The drop pulled the employment rate down to 60.7%, marking its lowest level in eight months, according to data released by Statistics Canada on Friday.Despite the job losses, the unemployment rate held steady at 6.9%, remaining near multi-year highs. The figures came in weaker than expected, as analysts had projected an increase of 13,500 jobs and a rise in unemployment to 7%.Youth workers bore the brunt…