Unemployment rate fell to a new pandemic low in November 2021.
The unemployment levels in Canada shrank to six percent in the stellar month from 6.7 percent in October. As per the recent update, Canada added 154,000 more jobs in November, which led to a drop in the unemployment rate.
According to the labor market survey, every province in Canada has seen employment rise in November 2021.
|Province||Employment rate increased by|
|Newfoundland and Labrador||+4.10%|
|Prince Edward Island||+3.60%|
Employment rate was up in the following provinces in Canada:
A little change was observed in the below list of provinces in Canada:
The employment levels were all-time high by 80.7 percent among women having 25 to 54 years after adding 66,000 more jobs.
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The unemployment rate has fallen for the sixth consecutive month with 0.7 percent, recorded as the largest since March 2021.
Figures show 1.24 million were unemployed in November, a decline of 8.9 percent but still nearly 100,000 higher than the pre-pandemic level in February 2020. The country observed a remarkable decrease in long-term unemployment, with 23.4 percent.
Highlights of Canadian Labor Force Survey
|Unemployment rate (%)||6|
|Employment rate (%)||61.4|
|Labor force participation rate (%)||65.3|
|Youth (15-24) unemployment rate (%)||10.5|
|Men (over 25) unemployment rate (%)||5.5|
|Women (over 25) unemployment rate (%)||5.1|
Unemployment rates in all the provinces in Canada
The unemployment rates and the figures of jobs change for ten provinces are listed below:
|List of Canada’s Provinces||Jobs change in last month||Unemployment rate (%)|
|Prince Edward Island||2,900||8|
|Newfoundland & Labrador||9,100||10.4|
Among these, Ontario stood top as its employment rate rose by 68,000 jobs, continuously for the sixth month in a row. On the whole, the province has added 421,000 jobs since May 2021.
Occupations in demand in Canada
The jobs highly in demand in Canada were from the following sectors:
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