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Unemployment Rate

Key Highlights

  • Peel’s annual average unemployment rate registered its sixth consecutive annual decline in 2018.
  • At 6.8 per cent, Peel’s annual average unemployment rate in 2018 was the lowest since 2008.
  • There were lower unemployment rates for both youth (15 – 24 years) and adults (25 years and over) in 2018.

In 2018, Peel’s average annual unemployment rate fell to a 10-year low of 6.8 per cent.

Lower unemployment rates for both youth (15 – 24 years) and adults (25 years and over) contributed to the decline in Peel’s annual average unemployment rate since 2013.

At 13.1 per cent in 2018, the unemployment rate for youth (15-24 years) was the lowest rate in ten years.

The sustained increase in employment and the fall in Peel’s unemployment rate contributed to the reduction in Peel’s Ontario Works Caseloads in 2018, the first decline in eleven years.