The unemployment rate was 8.2 percent in May. Statistics Canada says the unemployment rate would have been 10.7 percent in May had it included in calculations those people who wanted to work but didn’t search for a job.
Tag: unemployment rate
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Economy blows past expectations, adds 259,000 jobs in February
The national unemployment rate fell to 8.2 percent, the lowest level since March 2020 at the onset of the COVID-19 pandemic.
Almost all the job increases were among low-wage and part-time workers in areas like retail and accommodation.
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Economy lost 213,000 jobs in January as lockdown measures hit Ontario, Quebec
The unemployment rate would have been 12 percent in January had Statistics Canada included in its calculations Canadians who wanted to work but didn’t search for a job.
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Ottawa sets minimum unemployment rate at 13.1 per cent for EI calculation
OTTAWA — The federal government has temporarily set a minimum unemployment rate of 13.1 per cent to calculate employment insurance benefits during the COVID-19 pandemic. Those people living in regions with an unemployment rate lower than that threshold will have their EI benefits calculated at that rate. In regions with a higher unemployment rate, benefits will...