Unemployment Rate
The Unemployment Rate, provided by Statistics Canada, measures the percentage of unemployed workers in the total civilian labor force, serving as a crucial indicator for the Canadian economy's health. An increasing rate signals contraction in the Canadian labor market and a weakening economy, impacting the Canadian Dollar (CAD) negatively. Conversely, a decreasing unemployment rate is positive, bolstering the CAD's value.
Indicator history
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| Date | Actual | Previous | Deviation | Consensus |
|---|---|---|---|---|
| Dec 6, 2024 | 6.80% | 6.50% | 0.30 | 6.60% |
| Nov 8, 2024 | 6.50% | 6.50% | 0.00 | 6.60% |
| Oct 11, 2024 | 6.50% | 6.60% | -0.10 | 6.70% |
| Sep 6, 2024 | 6.60% | 6.40% | 0.20 | 6.50% |
| Aug 9, 2024 | 6.40% | 6.40% | 0.00 | 6.50% |
| Jul 5, 2024 | 6.40% | 6.20% | 0.20 | 6.30% |
| Jun 7, 2024 | 6.20% | 6.10% | 0.10 | 6.20% |
| May 10, 2024 | 6.10% | 6.10% | 0.00 | 6.20% |