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Canada’s Unemployment Rate Dipped to A Near Record Low

Top 50 Job Openings In B.C. By 2022

You may be in luck this year if you’re searching for work because the unemployment rate in Canada has reached a near record-low.

The country’s unemployment rate is at 5.5% compared to 5.7% last year.

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Statistics Canada released its annual report Friday, that showed this year’s rate compared to 2019.

Analysts predicted that rate would stick at around 5.5% and expected the country to gain 15,000 more positions.

However the latter number doubled, as Canada saw an additional 34,500 jobs.

These job gains are all in full-time positions – mainly in the goods-producing sector and manufacturing. But the service sector lost 14,500 positions.

Bank of Canada has been closely watching how the hourly rate changed and saw the amount rise by 4.4%, compared to January 2019.

The unemployment rate in Canada has steadily decreased since 2016, when it stood at 7%.

So if you’re looking for new work, now may be your time to shine. And to help you along the way, here are some of Canada’s top employers.

For more national stories, check out our News section.


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