Canada Unemployment Rate

The unemployment rate in Canada was at 6.6% in February of 2025, remaining unchanged from the three-month low recorded in the previous month and below market expectations that it would have edged higher to 6.7%. The number of unemployed individuals fell by 17.9 thousand to 1,473 thousand in the period, mirroring a similar decline in the labor force, which resulted in a 0.2 percentage point drop in the participation rate to 63.5%, the lowest in four months. Consequently, net employment rose by only 1.1 thousand from the previous month to 20,995 million, well below market expectations that job growth would have totalled 20 thousand.