Canada Unemployment Rate

The unemployment rate in Canada fell to 6.5% in November of 2025 from 6.9% in the previous month, the lowest in 16 months, and contrasting sharply with expectations that it would rise to 7%. The result marked a reversal in the trend of a rising jobless rate through most of the year, as the unemployed population fell by 80 thousand from the previous month to 1.5 million. This was sharper than the 26 thousand reduction in the labor force, bringing the labor force participation rate to 65.1%. In the meantime, net employment jumped by 53.6 thousand to 21.14 million, a third consecutive month of marked improvement. The increase was owed to a 63 thousand surge in part-time employment, with nearly 18% of those reporting to do so involuntarily, a broadly steady ration throughout the last year.