Ottawa sets minimum unemployment rate at 13.1 per cent for EI calculation

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The federal government has temporarily set a minimum unemployment rate of 13.1 per cent to calculate employment insurance benefits during the COVID-19 pandemic.

Those people living in regions with an unemployment rate lower than that threshold will have their EI benefits calculated at that rate.

Statistics Canada says the unemployment rate was 10.9 per cent in July, down from the 12.3 per cent recorded in June and sliding further away from the record-high 13.7 per cent in May.

Source: Insurance Report (insurancereport.net)

 

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