List of Canadian provinces by unemployment rate - wikipedia List of Canadian provinces by unemployment rate BC AB SK MB ON QC NB PE NS NL YT NT NU The list of Canadian provinces by unemployment rate are statistics that directly refer to the nation 's seasonally adjusted unemployment rate. Below is a comparison of the seasonally adjusted unemployment rates by province / territory, sortable by name or unemployment rate. Data provided by Statistics Canada 's Labour Force Survey. Not seasonally adjusted data reflects the actual current unemployment rate, while seasonally adjusted data removes the seasonal component from the information. Contents 1 Unemployment by province or territory 2 Data differences from US rates 3 Unemployment extremes 4 Future labour shortages 5 References Unemployment by province or territory Statistic set below : February 2018. Note : Statistics for the territories ( i.e. Yukon, Northwest Territories, and Nunavut ) are not seasonally adjusted. Province or territory Unemployment rate ( seasonally adjusted ) Monthly percent change ( = drop in unemployment ) Canada ( national ) 7000580000000000000 ♠ 5.8 0.1 % British Columbia 7000470000000000000 ♠ 4.7 0.1 % Alberta 7000670000000000000 ♠ 6.7 0.3 % Saskatchewan 7000560000000099999 ♠ 5.6 0.2 % Manitoba 7000590000000000000 ♠ 5.9 0.3 % Ontario 7000550000000000000 ♠ 5.5 0.0 % Quebec 7000560000000099999 ♠ 5.6 0.2 % New Brunswick 7000820009999999999 ♠ 8.2 0.9 % Prince Edward Island 7001101000000000000 ♠ 10.1 0.5 % Nova Scotia 7000790000000000000 ♠ 7.9 0.3 % Newfoundland and Labrador 7001140000000000000 ♠ 14.0 0.0 % Yukon 7000320000000000000 ♠ 3.2 Northwest Territories 7000640000000000000 ♠ 6.4 Nunavut 7001137000000000000 ♠ 13.7 Definitions of modern full employment range from 3 % to 6 % unemployment rates. As of 2016, the fastest growing economies are in Ontario and B.C.. Data differences from U.S. rates Canada uses a different measure to gauge the unemployment rate than the United States calculation. An analyst with the American Bureau of Labour Statistics stated that if the Canadian unemployment rate were adjusted to U.S. concepts, it would be reduced by 1 percentage point. In Canada, 15 - year - olds are included in surveys of the working age population and therefore are included in their calculations. In the United States, 15 - year - olds are not included in the calculations. A larger contributor to the difference is that flipping through the want - ads in a newspaper ( or on the internet ) gets people classified as unemployed in Canada, but not in the United States. A rise in the use of these passive job search methods in Canada is important as an explanation for the methodology bump of + 1 % for the Canadian figures. Unemployment extremes The lowest level of national unemployment came in 1947 with a 2.2 % unemployment rate that came as a result of the prosperity that emerged after the Second World War. The highest level of unemployment throughout Canada was set on December 1982, when the early 1980s recession resulted in 13.1 % of the adult population being out of work due to economic factors that originated in the United States. The primary cause of the early 1980s recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation. During the Great Depression, urban unemployment throughout Canada was 19 % ; Toronto 's rate was 17 %, according to the census of 1931. Farmers who stayed on their farms were not considered unemployed. Future Labour shortages The current unemployment rates for each province / territory, in addition to the national unemployment rate, do not take into account the labour shortages that will occur due to Canada 's low birth rate and aging population. The summer of 2020 will see the unemployment rate in Canada drop to nearly zero percent as young workers entering the workforce fail to keep up with the elderly workers retiring by the thousands. Ontario, for example, will see 190,000 job positions go unfilled. Canada will have as many as 1.8 million jobs without the right quality of people to apply for them by 2030. This will put Canada in a `` severe labour shortage '' situations ; and desperate measures like hiring foreign workers for one year at a time and re-educating unskilled workers into skilled workers will be the agenda for most companies during this era. References Jump up ^ Labour force characteristics by province -- Seasonally adjusted. Statistics Canada. Accessed 2012 - 12 - 07. Jump up ^ `` Labour Force Survey, November 2017 ''. Statistics Canada. Retrieved November 3, 2017. Jump up ^ `` Unemployment rate by province, November 2017 ''. Statistics Canada. Retrieved November 3, 2017. Jump up ^ `` Labour force characteristics, seasonally adjusted, by province ( monthly ) ''. Statistics Canada. Retrieved November 3, 2017. Jump up ^ `` Labour force characteristics, unadjusted, by territory ( 3 month moving average ) ''. Statistics Canada. Retrieved November 3, 2017. Jump up ^ `` Unemployment Rate ''. EconomicDashboard.Alberta.ca. Retrieved February 1, 2018. ^ Jump up to : MILES CORAK ( May 4, 2012 ). `` A fast way to lower jobless rate : Use U.S. metrics ''. Globe and Mail. Jump up ^ `` Canadian Unemployment Rates ''. Dave Manuel. Retrieved October 11, 2012. Jump up ^ `` The downturn was precipitated by a rise in interest rates to levels that exceeded the record rates recorded a year earlier. '' Congressional Budget Office, `` The Prospects for Economic Recovery, '' February 1982. Jump up ^ Canada, Bureau of the Census, Unemployment Vol. VI ( Ottawa 1931 ), 1,267 Jump up ^ `` Throw Away Those Lemons, There 's A Labour Shortage Coming ''. Talent Egg. Retrieved September 6, 2012. Jump up ^ `` People without Jobs ; Jobs without People '' ( PDF ). Colleges Ontario. Retrieved September 6, 2012. Lists relating to the provinces and territories of Canada Ranked by area by population by population growth rate by HDI by GDP by life expectancy by order of joining Confederation by government spending unemployment Political Current lieutenant governors Current first ministers History of first ministers Capitals Elections Historical Former colonies and territories in Canada Territorial evolution of Canada after 1867 Proposals for new provinces Other Total area Bibliography Extreme points Language policies Symbols Name etymologies Museums Regions Topics Retrieved from `` https://en.wikipedia.org/w/index.php?title=List_of_Canadian_provinces_by_unemployment_rate&oldid=834164508 '' Categories : Unemployment in Canada Talk Contents About Wikipedia اردو Edit links This page was last edited on 4 April 2018, at 08 : 01. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. 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Question: which province in canada has the lowest unemployment rate
Answer: Yukon