Canada’s unemployment rate climbs to 6.7% as labour market loses 4,700 jobs

OTTAWA — Canada’s unemployment rate rose to 6.7 per cent in October, up from 6.5 per cent in September, as the economy shed 4,700 jobs and the private sector recorded significant employment losses, according to Statistics Canada figures released Friday, November 6.

The latest Labour Force Survey highlights continuing weakness in the Canadian job market, which has struggled amid economic uncertainty, ongoing trade tensions with the United States and cautious hiring by businesses.

Private-sector employment declined by 53,000 positions during October, marking its first monthly decrease since February. Public-sector employment rose by approximately 50,000 jobs, partly offsetting those losses. Wholesale and retail trade experienced the sharpest decline, losing approximately 29,000 positions, while construction and educational services registered gains.

Young Canadians continue to face particularly difficult employment conditions. The unemployment rate among people aged 15 to 24 climbed to 13.7 per cent, compared with 13 per cent in September.

Provincial figures also revealed uneven labour market conditions. Ontario’s unemployment rate rose to 7.3 per cent, while Alberta experienced a substantial increase to the same level. Quebec’s unemployment rate declined to 5.7 per cent, although its employment levels remained below those recorded a year earlier.

The report comes one day after the federal government introduced its 2026 budget, which emphasizes economic investment, job creation and measures to strengthen Canada’s competitiveness.

The latest figures underscore the challenges facing Ottawa as it attempts to stimulate economic growth while responding to mounting pressure on Canadian workers and businesses.