Friday, October 11, 2013

Canada Unemployment Rate


Unemployment Rate in Canada decreased to 7.10 percent in August of 2013 from 7.20 percent in July of the same year. Unemployment Rate in Canada is reported by the STCA - Statistics Canada from 1966 until 2013.

Canada Unemployment Rate averaged 7.8 percent reaching an all-time high of 13.1 percent in December of 1982 and a record low of 2.9 percent in June of 1966. In Canada, the unemployment rate measures the number of people actively looking for a job as a percentage of the labor force. In August of 2013, employment increased by 59,000 mainly in part-time works and the jobless rate declined 0.1 percentage points to 7.1 percent. Over the six months to August, employment gains averaged 12,000 per month, lower than the average of 29,000 observed during the preceding six-month period. The employment and unemployment rates are measures of the economy’s strength.

Today the 11th of October 2013 at GMT 1:30 P.M. is the time to declare the unemployment rate for September 2013, which expected to stay on the same level of 7.1 percent same as August 2013.

No comments:

Post a Comment