Canada Annual Unemployment Rate
Canada's annual unemployment rate rose to 6.45% in 2024, up from 5.42% in 2023, according to World Bank. This represents an increase of 1.03% from the previous year. Canada has annual unemployment rate higher than the global median (6.45% vs median 5.23%). Within Americas, it ranks 17th out of 33 countries.
Yearly Historical Data (1991-2024)
(in %)Canada Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Canada's labor force that is looking for work but does not have a job.