Unemployment rate measures the share of the labour force that is unable to find employment. The labour force comprises the working age population that is either working or unemployed and actively seeking work.
High rates indicate an economy operating at less than capacity and, if persistent, can lead to poverty and social instability. There is a potential for accelerating economic growth without accelerating inflation. Causes can include an inflexible labour market failing to adapt to structural change and to growth, loss of competitiveness and the business cycle.
Winnipeg’s economy operated at a high capacity and at a stable rate. From 2000 to 2010, Winnipeg’s unemployment rate declined for the most part. Winnipeg’s rate was consistently lower than those nationally, about two percentage points on average.
Labour Force Employment & Unemployment Rate - Winnipeg
Unemployment Rate by CMA
To discuss Economic Development in Winnipeg, please contact:
Senior Manager, Strategic Research
E: Edward Suzuki