Canada Unemployment Rate

Canada Unemployment Rate

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Canada Unemployment Rate
The Canada unemployment rate has remained fairly consistent since it passed eight percent March 2009. Between February 2008 and September 2010, the Canada unemployment rate has varied from a low of 5.9 percent in February and March 2008 to a high of 8.7 percent in September 2009. The highest recorded level of the Canada unemployment rate was thirteen point one percent in December 1982. The record low for the Canada unemployment rate was 5.9.
In determining the Canada unemployment rate, the labor force is defined as the number of people who enjoy a source of employment, plus the number of individuals who are not working but are actively seeking work. The non-labor force includes individuals who are not actively looking for work, individuals who are incarcerated, institutionalized, or those currently serving in the Canadian military.
Unemployment insurance in Ontario is paid frequently paid to seasonal workers, since reform measures passed in the last decade of the Twentieth Century established the qualifications to obtain unemployment insurance to be determined by the number of hours an individual works.
This means that unemployment insurance must be paid to the volume of seasonal workers located in Ontario, although Unemployment insurance Ontario payments are also due to the difficulties encountered by the automobile and aeronautics industries that are in both Ontario and Quebec. These two industries have been severely hampered by the recent economic downturn.

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