Forecaster Charts & Tables

Employment

Good jobs creation and low unemployment rates are pivotal to GDP growth and construction activity.

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Canada ‘R-3’ Unemployment Rate vs U.S. Unemployment Rate Not Seasonally Adjusted (NSA) Data (Statistics Canada calculates ‘R-3’ on same basis as U.S. rate)

On a same-methodology basis, U.S. & Canadian NSA unemployment rates have been moving nearly in tandem.

The latest data points are for April 2021.

Data sources (seasonally adjusted): Statistics Canada and U.S. Bureau of Labor Statistics (Department of Labor).
Chart: ConstructConnect — CanaData.

Canada vs U.S. Monthly Unemployment Rate (Per Cent) Seasonally Adjusted Data

In April 2021, and as per usual, the U.S. recorded a lower 'headline' (SA) rate of unemployment than Canada.

The latest data points are for April, 2021.

Data sources (seasonally adjusted): Statistics Canada and U.S. Bureau of Labor Statistics (Department of Labor).
Chart: ConstructConnect — CanaData.