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 July 2026, it is down 7.2% 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
-7.2%
Canada Unemployment Rate (LRUNTTTTCAM156S) — 859 observations from 1955-01-01 to 2026-07-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Macro Regime Context
The growth regime is currently late cycle (67% confidence).
See what this means across all four regime dimensions →3-Month
-7.2%
6-Month
-1.5%
12-Month
-7.2%
What this means
Canada Unemployment Rate is currently at 6.40 percent, which is near its 10-year historical average. The trend is decreasing (-7.2% over the past 3 months).
Over the past 6 months the change is -1.5%, and over 12 months it is -7.2%. 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 July 2026).