Canada: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 6 percent as of September 2024, a decline compared to the previous value of 7.5 percent. Historically, the average for Canada from January 1976 to September 2024 is 8.07 percent. The minimum of 4.5 percent was recorded in December 2022, while the maximum of 14.3 percent was reached in May 2020.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics Canada
Recent values | Canada: Unemployment rate, percent |
---|---|
2024  Sep | 6 |
2024  Aug | 7.5 |
2024  Jul | 6.8 |
2024  Jun | 6.2 |
2024  May | 6.3 |
2024  Apr | 6.2 |
2024  Mar | 6.4 |
2024  Feb | 6 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Labor force | 21.64 | 2023 | million people |
Unemployment rate | 5.37 | 2023 | percent |
Female unemployment | 5.19 | 2023 | percent |
Male unemployment | 5.53 | 2023 | percent |
Youth unemployment | 10.59 | 2023 | percent |
Labor force participation | 65.18 | 2023 | percent |
Labor force: percent female | 47.43 | 2023 | percent |
Female labor force participation | 61.14 | 2023 | percent |
Male labor force participation | 69.32 | 2023 | percent |
Hours worked | 1,685.01 | 2023 | hours |
Self-employment | 13.57 | 2022 | percent |
Employment | 20.65 | 9/2024 | million employed people |
Unemployment rate | 6.00 | 9/2024 | percent |
Labor cost | 148.08 | Q3/2024 | index points |