Canada Labor Force Participation Rate
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Labor Force Participation Rate in Canada decreased to 65.40 percent in December from 65.60 percent in November of 2023 mostly due to a fall in the youth participation rate.That’s down from a recent peak of 65.7 percent in June.
source:
Statistics Canada
Labor Force Participation Rate in Canada decreased to 65.40 percent in December from 65.60 percent in November of 2023.Labor Force Participation Rate in Canada averaged 65.74 percent from 1976 until 2023, reaching an all time high of 67.70 percent in December of 2003 and a record low of 60.10 percent in April of 2020.This page provides the latest reported value for – Canada Labor Force Participation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.Canada Labor Force Participation Rate – data, historical chart, forecasts and calendar of releases – was last updated on January of 2024.
Labor Force Participation Rate in Canada decreased to 65.40 percent in December from 65.60 percent in November of 2023.Labor Force Participation Rate in Canada is expected to be 65.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.In the long-term, the Canada Labor Force Participation Rate is projected to trend around 66.50 percent in 2025, according to our econometric models.
1Y
5Y
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Calendar
GMT
Reference
Actual
Previous
Consensus
TEForecast
2023-12-01
01:30 PM
Participation Rate
Nov
65.6%
65.6%
65.7%
2024-01-05
01:30 PM
Participation Rate
Dec
65.4%
65.6%
65.7%
2024-02-09
01:30 PM
Participation Rate
Jan
65.4%
65.3%
Related
Last
Previous
Unit
Reference
Unemployment Rate
5.80
5.80
percent
Dec 2023
Employed Persons
20312.60
20312.50
Thousand
Dec 2023
Unemployed Persons
1245.20
1240.40
Thousand
Dec 2023
Full Time Employment
-23.50
59.60
Thousand
Dec 2023
Part Time Employment
23.60
-34.70
Thousand
Dec 2023
Employment Change
0.10
24.90
Thousand
Dec 2023
Labor Force Participation Rate
65.40
65.60
percent
Dec 2023
Youth Unemployment Rate
11.30
11.60
percent
Dec 2023
Productivity
99.47
100.25
points
Sep 2023
Labour Costs
128.78
126.74
points
Sep 2023
Wages
30.04
29.83
CAD/Hour
Oct 2023
Wages in Manufacturing
29.92
29.85
CAD/Hour
Oct 2023
Minimum Wages
16.55
15.55
CAD/Hour
Oct 2023
Population
39.29
38.43
Million
Dec 2022
Average Hourly Earnings
35.33
35.16
CAD
Dec 2023
Employment Rate
61.60
61.80
percent
Dec 2023
Non Farm Payrolls
18041.00
18085.00
Thousand
Oct 2023
Wage Growth
4.00
3.90
percent
Sep 2023
Job Vacancies
737530.00
818195.00
Sep 2023
Canada Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
65.40
65.60
67.70
60.10
1976 – 2023
percent
Monthly
SA
Related
Canadian Stocks Retreat to Begin the Week
Canada Wholesale Sales Rise More than Expected
Canada’s Factory Sales Rebound Matches Forecasts
Canadian Dollar Weakens Further
Canada Building Permits Fall More than Expected
Canada Imports Rise 1.9% in October
Canada Trade Surplus Narrows More than Expected
Canadian 10-Year Bond Yield Remains Strong
Canada Ivey PMI at 8-Month High in December
Canada Employment Holds Steady
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