The Canadian Unemployment Rate measures the percentage of the labor force that is without work but available for and seeking employment. It is one of the most important economic indicators for Canada, influencing both fiscal and monetary policy decisions. A declining rate suggests a strengthening economy and rising consumer confidence.
Calculated by Statistics Canada as the number of unemployed persons expressed as a percentage of the labor force (employed plus unemployed). The data is collected during the reference week of the Labor Force Survey.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 7, 2026 | 6.40 | 6.50 | -0.10 |
| Jul 10, 2026 | 6.50 | 6.60 | -0.10 |
| Jun 5, 2026 | 6.60 | 6.90 | -0.30 |
| May 8, 2026 | 6.90 | 6.70 | +0.20 |
| Jul 11, 2025 | 6.90 | 7.10 | -0.20 |
| Jun 6, 2025 | 7.00 | 7.00 | 0.00 |
| May 9, 2025 | 6.90 | 6.80 | +0.10 |
| Apr 4, 2025 | 6.70 | 6.70 | 0.00 |
| Mar 7, 2025 | 6.60 | 6.70 | -0.10 |
| Jul 5, 2024 | 6.40 | 6.30 | +0.10 |
| Jun 7, 2024 | 6.20 | 6.20 | 0.00 |
| May 10, 2024 | 6.10 | 6.20 | -0.10 |
| Apr 5, 2024 | 6.10 | 5.90 | +0.20 |
| Mar 8, 2024 | 5.80 | 5.80 | 0.00 |
| Jul 7, 2023 | 5.40 | 5.30 | +0.10 |
| Jun 9, 2023 | 5.20 | 5.10 | +0.10 |
| May 5, 2023 | 5.00 | 5.10 | -0.10 |
| Apr 6, 2023 | 5.00 | 5.10 | -0.10 |
| Mar 10, 2023 | 5.00 | 5.10 | -0.10 |
| Jul 8, 2022 | 4.90 | 5.10 | -0.20 |
| Jun 10, 2022 | 5.10 | 5.20 | -0.10 |
| May 6, 2022 | 5.20 | 5.20 | 0.00 |
| Apr 8, 2022 | 5.30 | 5.30 | 0.00 |
| Mar 11, 2022 | 5.50 | 6.20 | -0.70 |
