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Canada Labor Market——December 2025 STATUS: Unemployment Rebounds to 6.8% Unemployment Rate: 6.8% Total Jobs Added MoM: 10,100 Full-Time Jobs Added MoM: 51,400 Part-Time Jobs Added MoM: -41,300 Unemployment rate drops to 6.5% Canada's unemployment rate dropped substantially and unexpectedly to 6.5% in November, from 6.9% in the prior month, showing signs of a much-needed resiliency in the North American economy. Latest Data Metric November 2025 Prior Month (Oct 2025) Unemployment Rate 6.5% 6.9% Total Employment Change +53,600 +66,600 Part-Time Employment Change +63,000 +85,100 Full-Time Employment Change -9,400 -18,500 Job Finding Rate 19.6% 19.8% Surprise labour market recovery A 40 basis point (bps) drop in the unemployment rate is substantial. An improvement of this magnitude was last seen at November 2005, outside the period of COVID distortions seen between from 2020 and mid-2022. The strengthening of the labor market is best illustrated by the employment growth readings, which now show three consecutive months of job growth. In November, Canada recorded a gain of 54,000 jobs, following increases of 60,400 and 66,600 in September and October, respectively. The Part-Time/Full-Time Divergence However, the details offered some caution. For two months in a row all the employment increases came from part-time jobs (63,000 in November and 85,100 in October ); if we look at full time jobs, a combined 27,900 jobs were lost in the last two months. The StatCan in its press release provided some contexts to ease some of the worries that the recent surge in part-time employment is a sign of economic distress. The percentage of part-time employment deemed "involuntary", defined as the decision to work part-time due to economic or business conditions or an inability to find full-time work, was 17.9% in November. That is just slightly higher than the 17.6% reading in Nov 2024; and, lower than the average for the Novembers from 2017 to 2019 (19.3%). Another important figure StatCan emphasized is the job finding rate, which was 19.6% in November, which was higher than the 18.6% a year earlier and similar to figure reported in September (19.8%). Health care the biggest job creator In terms of industry breakdown, health care and social assistance is the biggest job creator in November, adding 45,500 jobs in the month, a rebound from October's 7,200 drop. Wholesale and retail trade, on the other hand, lost 34,100 jobs, after it gained 40,700 in the previous month. Manufacturing also cut 9,300 workers after a combined 36,500 job creation in the previous two months. Previous Analysis Aug 2025: Canada Unemployment Rate Surges To 7.1% The unemployment rate in Canada has risen to 7.1% in August, the highest level since May 2016 outside of the pandemic era Read the original full report →

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Canada Labor Market Watch

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