Canada Unemployment Rate
Canada Unemployment Rate is unemployed people as a share of the stated labour force, reported as Percent.
6.40
Percent
Canada Unemployment Rate — latest reading: 6.40 percent. As of August 2026, it is down 9.9% over the past 12 months, near its 10-year average. Source: LRUNTTTTCAM156S, Organization for Economic Co-operation and Development, published monthly. Reported as published, without transformation; the publisher may revise it.
Min
2.80
Max
14.20
Average
7.22
10Y Percentile
52%
3M Change
-3.0%
Canada Unemployment Rate (LRUNTTTTCAM156S) — 860 observations from 1955-01-01 to 2026-08-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Macro Regime Context
The growth regime is currently late cycle (71% confidence).
See what this means across all four regime dimensions →3-Month
-3.0%
6-Month
-4.5%
12-Month
-9.9%
What this means
Canada Unemployment Rate is currently at 6.40 percent, which is near its 10-year historical average. The trend is decreasing (-3.0% over the past 3 months).
Over the past 6 months the change is -4.5%, and over 12 months it is -9.9%. The short-term pace is consistent with the longer trend.
Cite this page
MacroRadar, "Canada Unemployment Rate," https://www.macroradar.io/canada-unemployment-rate (as of August 2026).