Employment Trends

The unemployment rate in Canada was 6.6% as of November 2024, up 0.1% from the previous month. The unemployment rate stood 6.8% below the peak from June 2020 and is below the long-run average.

There were 63,900 more full-time jobs in November 2024 compared to a month earlier. A loss of 26,700 part-time positions led to an increase of 37,200 total jobs in November.

Full-time employment has recovered since reaching a bottom in August 2022 and now stands at a record high.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.