1  Shocking Trends Revealed: Canada's Unemployment Rate Hits 5.5% Discover the latest on Canada's unemployment rate and what it means for the economy!

2  Current Unemployment Rate Canada's unemployment rate remained at 5.5% in October/November 2023, the highest since January 2022.

3 Employment vs. Unemployment  Employment increased by 64,000 jobs, but the number of unemployed people rose by 8,100 to 1.189 million.

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4 Gender and Age Trends  The unemployment rate rose for core-aged men but remained steady for core-aged women. Youth unemployment showed minimal variation.

5  Factors Affecting Unemployment  Statistics Canada attributes the steady rate to changes in employment and population growth. Public and private sector jobs remained stable, but self-employment declined.

6 Job Market Details Despite 39,000 new jobs, the population increase of 102,500 outpaced job growth, impacting the unemployment rate.

7 Provincial Insights  In New Brunswick, the unemployment rate rose to 7.7% despite new part-time jobs. Nova Scotia saw a loss of 3,580 jobs with a similar rise in unemployment.

8 Unemployment Rate Over the Last 5 Months  – May 2023: 5.2% – June 2023: 5.4% – July 2023: 5.5% – August 2023: 5.5% – September 2023: 5.5%

9  Changes Over the Last 5 Years The unemployment rate showed significant fluctuations, peaking at 14.1% in May 2020 and stabilizing at 5.5% in 2023.

10 Historical Perspective (1991-2023)  Explore the trends in Canada's unemployment rate over the past three decades, highlighting key changes and economic shifts.