List of Canadian provinces by unemployment rate

The list of Canadian provinces by unemployment rate are statistics that directly refer to the nation's seasonally adjusted unemployment rate. Below is a comparison of the seasonally adjusted unemployment rates by province/territory, sortable by name or unemployment rate. Data provided by Statistics Canada's Labour Force Survey.[1] Not seasonally adjusted data reflects the actual current unemployment rate, while seasonally adjusted data removes the seasonal component from the information.

Unemployment by province or territory
Province Unemployment rate
percentage of labour force
as of March 2022[2]		 Monthly percent change
(Positive decrease=drop in unemployment)
Alberta 6.5 Positive decrease 0.8%
British Columbia 5.1 Positive decrease 0.2%
Manitoba 5.3 Positive decrease 0.1%
Newfoundland and Labrador 12.9 Negative increase 1.3%
New Brunswick 7.7 Positive decrease 0.2%
Nova Scotia 6.5 Positive decrease 1.4%
Ontario 5.3 Positive decrease 0.7%
Prince Edward Island 8.1 Negative increase 0.3%
Quebec 4.1 Positive decrease 0.3%
Saskatchewan 5.0 Positive decrease 10%
Canada (national) 5.3 Positive decrease 0.6%


Definitions of modern full employment range from 3% to 6% unemployment rates.

Data differences from US rates

Canada uses a different measure to gauge the unemployment rate than the United States calculation. An analyst with the American Bureau of Labour Statistics stated that if the Canadian unemployment rate were adjusted to U.S. concepts, it would be reduced by 1 percentage point.[3]

Unemployment extremes

The lowest level of national unemployment came in 1947 with a 2.2% unemployment rate, a result of the smaller pool of available workers caused by casualties from the Second World War.

The highest level of unemployment throughout Canada was set on December 1982, when the early 1980s recession resulted in 13.1% of the adult population being out of work due to economic factors that originated in the United States.[4] The primary cause of the early 1980s recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation.[5]

During the Great Depression, urban unemployment throughout Canada was 19%; Toronto's rate was 17%, according to the census of 1931. Farmers who stayed on their farms were not considered unemployed.[6]

References
  1. Labour force characteristics by province – Seasonally adjusted . Statistics Canada. Accessed 2012-12-07.
  2. Canada, Government of Canada, Statistics (September 2021). "Labour force characteristics by province, monthly, seasonally adjusted". www150.statcan.gc.ca. Retrieved April 10, 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  3. MILES CORAK (May 4, 2012). "A fast way to lower jobless rate: Use U.S. metrics". Globe and Mail.
  4. "Canadian Unemployment Rates". Dave Manuel. Retrieved October 11, 2012.
  5. "The downturn was precipitated by a rise in interest rates to levels that exceeded the record rates recorded a year earlier." Congressional Budget Office, "The Prospects for Economic Recovery," February 1982.
  6. Canada, Bureau of the Census, Unemployment Vol. VI (Ottawa 1931), 1,267
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.