Unemployment Rate 2024 Canada 2024. The bank of canada today reduced its target for the overnight rate to 3¾%, with the bank rate at 4% and the deposit rate at 3¾%. The unemployment rate in canada was 6.6% in august 2024, and the percentage point change from july 2024 to august 2024 was +0.2*.

The unemployment rate in québec was 4.0% in august 2024 (compared with 3.0% in august 2023). The unemployment rate in canada was 6.4% in june 2024, and the percentage point change from may 2024 to june 2024 was +0.2*.