labour
Unemployment Rate
Share of labour force that is unemployed and seeking work
🇨🇦 Canada
3.9%▼ 0.3
As of 2026-01-01
🇺🇸 United States
2.5%▲ 0.3
As of 2026-01-01
Historical Comparison
- Canada
- United States
Why it matters
The most-watched labour market indicator. BoC dual mandate includes employment.
Frequency: monthly
Units: percent
Seasonal adj.: sa
Importance: 10/10