Canada: Unemployment rate forecast

The latest value from 2028 is 5.97 percent, a decline from 5.99 percent in 2027. In comparison, the world average is 6.50 percent, based on data from 99 countries. Historically, the average for Canada from 1980 to 2028 is 7.91 percent. The minimum value, 5.27 percent, was reached in 2022 while the maximum of 12 percent was recorded in 1983. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.