Canada Unemployment Rate stands at 6.40% as of July 2026, down from 6.90% a year earlier. The reading sits in the 35th percentile of its history back to 1955.
| Latest (July 2026) | 6.40% |
| One year ago | 6.90% |
| 10-year range | 4.80% – 14.20% |
| All-time range | 2.80% (1956) – 14.20% (2020) |
| Change over 12 months | −0.5 pts — peaked at 7.10% in 2025 |
| Percentile vs. full history | 35th |
| History | 1955–2026 (859 observations) |
The share of Canada's labor force that is out of work and looking for a job. Unemployment is a lagging indicator on the way down but a powerful early signal on the way up: sustained increases from a cycle low have historically been among the most reliable markers of a downturn taking hold. Because labor data is published promptly and revised little, it anchors the growth pillar of most macro frameworks. Data: harmonized unemployment statistics via the OECD.
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<a href="https://www.tacticalassetallocation.com/charts/canada-unemployment-rate/">Canada Unemployment Rate — Cambria Chart Lab</a>
Data: download CSV (source: OECD key economic indicators).