The unemployment rate in Canada fell to 8.2 percent in February of 2021, the lowest since March 2020 and following 9.4 percent in January. Figures came much lower than market forecasts of 9.2 percent as public health restrictions put in place in late December were eased in many provinces, allowing for the re-opening of many non-essential businesses, cultural and recreational facilities, and some in-person dining. The number of long-term unemployed fell by 49,000 (-9.7 percent) from a record high of 512,000 in January. The labour underutilization rate fell 1.8 percentage points to 16.6 percent, the lowest level since February 2020. Meanwhile, employment increased by 259,000, after falling by 266,000 over the previous two months as both part-time (+171,000) and full-time (+88,000) work increased. Unemployment Rate in Canada averaged 7.65 percent from 1966 until 2021, reaching an all time high of 13.70 percent in May of 2020 and a record low of 2.90 percent in June of 1966. This page provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.