Employment Trends

The unemployment rate in Canada was 6.7% as of February 2026, up 0.1% from the previous month. The unemployment rate stood 6.8% below the peak from June 2020 and is below the long-run average.

There were 4,000 fewer full-time jobs in February 2026 compared to a month earlier. Combined with a loss of 28,900 part-time positions, this led to a decrease of 32,900 total jobs in February.

Full-time employment was down 4,000 jobs from the peak in January 2026.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.