Bank of Canada reports highest long-term unemployment since early 2000s
The Bank of Canada has reported the highest long-term unemployment rate since the early 2000s, reaching 25.4% in January 2026. This figure highlights significant structural issues within Canada's labor market, as job-finding rates have slowed and many young workers are affected. The situation is exacerbated by skills mismatches and external pressures such as US tariffs.
- ▪Long-term unemployment in Canada hit 25.4% in January 2026, the highest since May 1997.
- ▪The average duration of unemployment reached 22.7 weeks, a figure not seen since late 1999.
- ▪Youth unemployment soared to 14.3% in April 2026, with young Canadians making up nearly a quarter of all long-term unemployed.
Opening excerpt (first ~120 words) tap to expand
Bank of Canada reports highest long-term unemployment since early 2000s Long-term unemployment hit 25.4% in January 2026, the worst reading outside pandemic years since 1997, as Canada's labor market signals deepening structural cracks. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Canada’s labor market is flashing warning signs that haven’t been this bright in over two decades.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
