The unemployment rate in Canada rose to 6.7% in February 2026 from the lowest in sixteen months of 6.5% in the previous month and above the expected 6.6% increase, reflecting an increment in the number of people searching for work and a contraction in employment. The increase followed the prior month's decline and reflected a 56,700 rise in the number of unemployed to over 1.51 million. The labour force contracted by roughly 27,200, pushing the participation rate down to 64.9% from 65.0%. Net employment fell by 84,000 to 21.04 million, continuing the recent downward trend. Losses were driven by a 108,000 decline in full-time employment, partly offset by a 24,500 increase in part-time work. source: Statistics Canada
Unemployment Rate in Canada increased to 6.70 percent in February from 6.50 percent in January of 2026. Unemployment Rate in Canada averaged 7.56 percent from 1966 until 2026, reaching an all time high of 14.20 percent in May of 2020 and a record low of 2.90 percent in June of 1966. This page provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.
Unemployment Rate in Canada increased to 6.70 percent in February from 6.50 percent in January of 2026. Unemployment Rate in Canada is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Unemployment Rate is projected to trend around 6.30 percent in 2027, according to our econometric models.