Canada unemployment rate rises back to 6.7% in February amid 83,900 job losses

Canada Labor Market Summary—February 2026

Unemployment Rate: 6.7%

Total Jobs MoM Change: -83,900

Full-Time Jobs MoM Change: -108,400 ; Part-Time Jobs MoM Change : 24,500

Sectors less sensitive to US trade saw 81,400 jobs cuts
– US Trade Sensitive Industries comprises of Forestry, fishing, mining, quarrying, oil and gas; Transportation and warehousing; and Manufacturing

Wholesale and retail trade sector cuts 17,900 jobs; Other services lose 13,900 in headcount

Transportation & Warehousing sees a moderate rebound in employment

Strong growth in healthcare jobs finally stalled

Further Info

Full press release from Statistics Canada: Labour Force Survey, February 2026