Unemployment rates in the largest census metropolitan areas
Unemployment rate is still highest in Montréal
In 2007, unemployment in Montréal remained higher than in Canada's other large CMAs. However, it was significantly below the double-digit levels posted during much of the 1990s. The unemployment rate in 2007 was 7.0%, down substantially from the 1993 peak of 13.9%. The long-term decline in the Montréal unemployment rate, coupled with an increase in the rate in Toronto earlier this decade, has resulted in the smallest gap between Toronto and Montréal in twenty years. In 2007, Montréal's unemployment rate was only 0.2 percentage points above that of Toronto.
Employment in Toronto has followed an upward trend since 1994, with an average annual growth rate of 3.0% over the thirteen-year period, while growth of the working-age population averaged 2.0% over the same period. In 2007, the unemployment rate edged up to 6.8% compared with 6.6% in the previous year, as labour force participation (+2.5%) grew slightly faster than employment (+2.3%).
Consistently robust employment growth over the past several years has pushed Calgary's unemployment rate below that of other large CMAs. The unemployment rate in this CMA was 3.2% in 2007 (and the lowest among the 14 largest CMAs), unchanged from the year before as both employment and labour force participation grew by 3.9%.
Unemployment rates in the largest census metropolitan areas, 2007
Source: Statistics Canada, Labour Force Survey, CANSIM table 282-0053.
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