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Unemployment Rate

The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish.

Most recent - Friday 9 February 2024 13:30

Previous
5.8%
Revised
-
Forecast
5.9%
Actual
5.7%

Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Next event - Friday 8 March 2024 13:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on CAD pairs is high.

There is no forecast value for Unemployment Rate yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment Rate was 5.7% against a forecast of 5.9%.

Past events

Date
Forecast
Actual
Friday 9 February 2024 13:30
5.9%
5.7%
Friday 5 January 2024 13:30
5.9%
5.8%
Friday 1 December 2023 13:30
5.8%
5.8%
Friday 3 November 2023 12:30
5.6%
5.7%
Friday 6 October 2023 12:30
5.6%
5.5%
Friday 8 September 2023 12:30
5.6%
5.5%
Friday 4 August 2023 12:30
5.5%
5.5%
Friday 7 July 2023 12:30
5.3%
5.4%
Friday 9 June 2023 12:30
5.1%
5.2%
Friday 5 May 2023 12:30
5.1%
5%
Thursday 6 April 2023 12:30
5.1%
5%
Friday 10 March 2023 13:30
5.1%
5%
Friday 10 February 2023 13:30
5.1%
5%
Friday 6 January 2023 13:30
5.2%
5%
Friday 2 December 2022 13:30
5.3%
5.1%
Friday 4 November 2022 12:30
5.3%
5.2%
Friday 7 October 2022 12:30
5.4%
5.2%
Friday 9 September 2022 12:30
5%
5.4%
Friday 5 August 2022 12:30
5%
4.9%
Friday 8 July 2022 12:30
5.1%
4.9%
Friday 10 June 2022 12:30
5.2%
5.1%
Friday 6 May 2022 12:30
5.2%
5.2%
Friday 8 April 2022 12:30
5.4%
5.3%
Friday 11 March 2022 13:30
6.2%
5.5%
Friday 4 February 2022 13:30
6.2%
6.5%
Friday 7 January 2022 13:30
6%
5.9%
Friday 3 December 2021 13:30
6.6%
6%
Friday 5 November 2021 12:30
6.9%
6.7%
Friday 8 October 2021 12:30
6.9%
6.9%
Friday 10 September 2021 12:30
7.3%
7.1%
Friday 6 August 2021 12:30
7.4%
7.5%
Friday 9 July 2021 12:30
7.7%
7.8%
Friday 4 June 2021 12:30
8.2%
8.2%
Friday 7 May 2021 12:30
7.8%
8.1%
Friday 9 April 2021 12:30
8%
7.5%
Friday 12 March 2021 13:30
9.2%
8.2%

Economic context

Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
S&P Global Manufacturing PMIBullish change48.349.7
Gross Domestic Product AnnualizedBullish change-0.5%1%
Gross Domestic Product (MoM)Bearish change0.2%0%
Gross Domestic Product (QoQ)Bullish change-0.1%0.2%
Current AccountBullish change-4.74B-1.62B
Retail Sales (MoM)Bullish change0%0.9%
Retail Sales ex Autos (MoM)Bullish change-0.4%0.6%
BoC Consumer Price Index Core (MoM)Bullish change-0.5%0.1%
Consumer Price Index (MoM)Bullish change-0.3%0%
Consumer Price Index (YoY)Bearish change3.4%2.9%
BoC Consumer Price Index Core (YoY)Bearish change2.6%2.4%

About Unemployment Rate

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Labor Market
Frequency:Monthly
 
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