Canada unemployment rate


Canada unemployment rate: 6.4 (3.23%)
Last Update: June 30, 2024

Canada unemployment rate closed down 6.4 as of June 30, 2024 from 6.2 from the previous month and 5.4 from last year.


Canada unemployment rate Analytics & Data




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Canada unemployment rate

DateValues
2024-06-30 6.4
2024-05-31 6.2
2024-04-30 6.1
2024-03-31 6.1
2024-02-29 5.8
2024-01-31 5.7
2023-12-31 5.8
2023-11-30 5.8
2023-10-31 5.7
2023-09-30 5.5
2023-08-31 5.5
2023-07-31 5.5
2023-06-30 5.4
2023-05-31 5.2
2023-04-30 5
2023-03-31 5
2023-02-28 5
2023-01-31 5
2022-12-31 5
2022-11-30 5.1
2022-10-31 5.2
2022-09-30 5.2
2022-08-31 5.3
2022-07-31 4.9

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Canada unemployment rate Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
unemployment rateca.unemploymentrate6.46.2319UPUP762024-06-30

Canada unemployment rate Factors

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Canada unemployment rate Historical Data

The MacroVar database offers free access to historical data for the Canada unemployment rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Canada unemployment rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Canada unemployment rate

The Canada unemployment rate is a key economic indicator that measures the percentage of the total labor force that is actively seeking employment but unable to find work. It is calculated monthly by Statistics Canada and provides important insights into the health of the Canadian economy. A high unemployment rate can indicate a lack of job opportunities and economic stagnation, while a low unemployment rate suggests a strong job market and economic growth. Policymakers use this data to make decisions on economic policies and programs to support job creation and reduce unemployment. Overall, monitoring the Canada unemployment rate is crucial for understanding the state of the economy and the well-being of its workforce.