Canada
Unemployment rate
The unemployment rate measures the share of the labor force actively looking for work but not employed. It is a lagging but essential gauge of labor-market slack.
Unemployment Rate - Canada
Country charts require Starter
Country-level charts start with Starter
The reading right now
As of January 2025, Unemployment rate for Canada stood at 6.91%. That is up 0.56 percentage points from the prior year. Over the trailing five years, the series has averaged 6.3%, ranging from a low of 5.28% in January 2022 to a high of 7.53% in January 2021. The current reading sits 0.29 percentage points above its trailing ten-year mean of 6.61%.
Computed from the observation series on this page. Numbers update when the underlying provider revises the data.