Greater Victoria tied with Lethbridge, Alberta, for the lowest rate in western Canada.
As the capital region’s rate declines — it was at 4.3 per cent in October — it’s nearing the ultra-low rate of three per cent recorded in March 2019, when it was among the lowest in the country.
Accommodation and food services was another job-generator, coming in with 16,800 people employed in November, up from 13,700 for the same month in 2021. The city with the lowest unemployment rate was Sherbrooke, Que., at just 2.7 per cent, followed by Quebec City at three per cent and Peterborough, Ont., at 3.1 per cent.
Statistics Canada says Canada’s unemployment was 5.1 per cent last month, down from 5.2 per cent in October. Canada’s labour market has remained remarkably strong despite signs of an economic slowdown. The unemployment rate fell to a record-low of 4.9 per cent in the summer and has edged up only slightly since then.
Bank of Canada governor Tiff Macklem has characterized Canada’s low unemployment rate as unsustainable and said it’s contributing to high inflation.
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