Canada: Unemployment rate forecast

For that indicator, we provide data for Canada from 1980 to 2028. The average value for Canada during that period was 7.92 percent with a minimum of 5.28 percent in 2022 and a maximum of 12 percent in 1983. The latest value from 2028 is 6 percent. For comparison, the world average in 2028 based on 100 countries is 6.64 percent. 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.