Canada unemployment rate in 2018 @ 5.6% was lowest after 1976

The Canada unemployment rate was 5.6% in 2018 and was the lowest for the nation after 1976. The leading province in Canada for net employment gains in 2018 was Ontario. The number of employed people in Ontario province increased by 78,000 plus during 2018. This was in full-time jobs.

The rate of unemployment in Ontario decreased by 0.2% points to reach 5.4%. This was the second-lowest rate among the Canadian provinces, as quoted by the CIC News.

The province in Canada that witnessed the lowest rate of unemployment in 2018 was British Columbia with 4.4%. The numbers of individuals employed in the province increased by 44,000 in 2018. Majority of them were employed in full-time jobs. The rate of growth of employment in BC with 1.8% was twice the national average said Statistics Canada.

The national average for the growth of employment was also surpassed by Saskatchewan in 2018. The numbers of individuals employed in the province increased by 11,000 with a rate of growth at 1.9%. The rate of unemployment in the province also decreased by 0.9% to reach 5.6%. This was equal to the Canada unemployment rate in 2018 with 5.6%.

At the national level, employment increased by 163,000 in 2018 with a rate of growth at 0.9%. The increase was entirely propelled by gains in full-time jobs, said Statistics Canada.

The employment gains were observed almost completely in the service sectors said Statistics Canada. The employment gains were led by the Healthcare and Social Assistance sector with 74,000. It was followed with 59,000 by the Building, Business, and Other Support Services.

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