Canada's unemployment rate rises

 

Canada's unemployment rate rises. The rate rose to 6.8 per cent last month, as more people are looking for work in a weak labour market. This is the highest unemployment rate since the COVID-19 pandemic, according to Statistics Canada's November Labour Force Survey. It is the highest rate since January 2017. The unemployment rate was 6.5 per cent in October.

The government said the economy created 51,000 jobs in November. But even as the economy created more jobs, the unemployment rate remained high. The number of job seekers also rose by 0.3 per cent. Canada's unemployment rate is at its highest level since April 2023. 46.3 per cent of unemployed Canadians in November had not worked in the past year. This shows that unemployed Canadians have been out of work for a longer period of time.