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Unemployment Rate

Key Highlights

  • Peel’s quarterly average unemployment rate was 6.7 per cent in Q3 2019, down from 7.5 per cent in Q3 2018.
  • The quarterly average unemployment rate fell over the two periods because the increase in residents who found jobs was above than those who entered the labour market in search of work.

Over the past six years, Peel’s overall (15 years and over) quarterly average unemployment rate has trended downwards.

In Q3 2019, the rate fell to 6.7 per cent.

The quarterly average unemployment rate for adults (25 years and over) fell to a multi-year low of 4.8 per cent to influence the decline in the overall rate.

The quarterly average unemployment rate for youth (15 – 24 years) increased to reach its highest Q3 level (17.4 per cent) in three years.

The higher youth (15 – 24 years) unemployment rate resulted from a loss of job in the youth (15 – 24 years) segment of the labour market.