According to the most recent data published by the federal agency, the number of recipients fell by 5.4% compared to the previous month.
1997, mis à part pendant l’été 2020, lorsque le programme de la Prestation canadienne d’urgence était en vigueur”,”text”:”Il s’agit du plus petit nombre de prestataires d’assurance-emploi jamais enregistré depuis que des données comparables ont commencé à être publiées en1997, mis à part pendant l’été 2020, lorsque le programme de la Prestation canadienne d’urgence était en vigueur”}}”>This is the lowest number of EI claimants on record since comparable data began to be released in 1997, other than during the summer of 2020 when the Canada Emergency Response Benefit program was in forcepoints out Statistics Canada.
According to the most recent data, the unemployment rate was 5.1% in November in Canada, down 0.1 percentage point. However, a decline in the number of employment insurance recipients does not necessarily mean that unemployment is falling in the same proportions, analysts warn.
Variations in the number of beneficiaries can be influenced by changes involving, in particular, people who return to work, those who have exhausted their regular benefits or who no longer receive employment insurance for various reasons.
It should be noted that the number of recipients fell significantly in eight of the country’s ten provinces in November. The decline was smaller in British Columbia (-0.9%) and New Brunswick (-0.8%).
In the territories, there were also fewer beneficiaries in November in the Yukon (-5.4%) and the Northwest Territories (-2%). However, they increased by 2.4% in Nunavut.
The largest declines, all things considered, were seen in Quebec (-9.5%) and Ontario (-6.7%), which alone accounted for three-quarters of November’s decline. Quebec and Ontario have seen a steady decline in the number of regular employment insurance claimants since July 2022, notes Statistics Canada.
Another fact to note is that a decline in the number of employment insurance claimants is observed in all age groups, but it is more sustained among women.
Proportional monthly declines in the number of EI beneficiaries were more pronounced among women than men for a fourth consecutive monthnotes the federal agency.