Unemployment Rate Forecast

North America Ranking

Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Panama	9.87	2027	1	9.87
2	Costa Rica	8.8	2027	2	9
3	El Salvador	7	2027	3	7
4	Nicaragua	5.5	2027	4	5.97
5	Canada	4.93	2024	5	4.99
6	Honduras	4.4	2027	6	4.43
7	United States	3.99	2027	7	3.98
8	Ecuador	3.64	2027	8	3.64
9	Mexico	3.44	2027	9	3.58

Definition of Unemployment Rate Forecast

The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.