Canada’s rising unemployment rate in 2024 was due to the labour force expanding faster than available employment opportunities, rather than a result of losses or shortages in specific sectors, a new report suggests.
“The labour force and employment in Canada have been expanding due to a surge in immigration,” says a report from the C.D. Howe Institute. “Despite unemployment rates remaining higher than the pre-pandemic level, this primarily reflects the exceptional growth in the labour force rather than a lack of job creation.”
