Unemployment Rate 2024 Canada Vs Us. The unemployment rate is a lagging indicator, meaning it responds (rises and falls) to changing economic conditions rather than influencing or predicting them. Low unemployment rate indicates better career opportunities and economic growth.

Here you have the comparison of canada vs united states, unemployment rate (lfs) In june 2024, the youth unemployment rate was 13.5%, slightly above both the pre‑crisis level (10.8%) and rate.