Search
In November 2024, Canada's Unemployment Rate Rose To 6.8%
In November 2024, Canada's unemployment rate rose to 6.8%, an increase of 0.3 percentage points from October 2024. This marks the highest unemployment rate since January 2017, excluding the COVID-19 pandemic years. Despite this rise in the unemployment rate, the country saw an increase of 51,000 jobs, primarily in full-time positions and the public sector [1][3].
In November 2024, Canada's Unemployment Rate Rose To 6.8%

Key Highlights:
The increase in the unemployment rate is attributed to a higher number of people actively seeking work, with 87,000 individuals newly unemployed in November. Economists suggest that while the jobless rate has increased, it does not necessarily indicate a downturn in the labor market, as consumer demand remains strong [3].
Ā
References: