Unemployment Rate

economic

Updated: 2 Dec, 1:30 pm UTC

Deviation

-0.10000000000000053%

Consensus

5.3%

5.2%

Actual

5.1%

Description

Source: Canada

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.

Historical Data

Date	Actual	Previous	Deviation	Consensus
Dec 2, 2022	5.10%	5.20%	-0.10	5.30%
Nov 4, 2022	5.20%	5.20%	0.00	5.30%
Oct 7, 2022	5.20%	5.40%	-0.20	5.40%
Sep 9, 2022	5.40%	4.90%	0.50	5.00%
Aug 5, 2022	4.90%	4.90%	0.00	5.00%
Jul 8, 2022	4.90%	5.10%	-0.20	5.10%
Jun 10, 2022	5.10%	5.20%	-0.10	5.20%
May 6, 2022	5.20%	5.30%	-0.10	5.20%