CA Unemployment Rate
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
- CA Unemployment Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 6, 2024 | 6.6% | 6.5% | 6.4% |
| Aug 9, 2024 | 6.4% | 6.5% | 6.4% |
| Jul 5, 2024 | 6.4% | 6.3% | 6.2% |
| Jun 7, 2024 | 6.2% | 6.2% | 6.1% |
| May 10, 2024 | 6.1% | 6.2% | 6.1% |
| Apr 5, 2024 | 6.1% | 5.9% | 5.8% |
| Mar 8, 2024 | 5.8% | 5.8% | 5.7% |
| Feb 9, 2024 | 5.7% | 5.9% | 5.8% |
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- CA Unemployment Rate News
From statcan.gc.ca|Sep 6, 2024Employment was little changed in August (+22,000; +0.1%) while the employment rate decreased 0.1 percentage points to 60.8%. The unemployment rate rose 0.2 percentage points to 6.6%. Employment grew by 20,000 (+0.3%) among core-aged women (25 to 54 years old) in August, and held steady across other major demographic groups. Employment rose in educational services (+27,000; +1.7%), health care and social assistance (+25,000; +0.9%), and finance, insurance, real estate, rental and leasing (+11,000; +0.8%). It declined in "other ...
From statcan.gc.ca|Aug 9, 2024Employment was little changed in July (-2,800; -0.0%), while the employment rate fell 0.2 percentage points to 60.9%. The unemployment rate was unchanged at 6.4%. In July, employment decreased among women (-41,000; -2.6%) and men (-15,000; -0.8%) aged 55 to 64. Employment also fell among young men aged 15 to 24 (-20,000; -1.5%), while it increased among men aged 25 to 54 (+48,000; +0.7%). Employment fell in wholesale and retail trade (-44,000; -1.5%) as well as in finance, insurance, real estate, rental and leasing (-15,000; -1.0%) ...
From fxstreet.com|Aug 9, 2024Statistics Canada is set to release the Canadian Labour Force Survey report on August 9. Market participants so far anticipate that the report will present mixed results, which could further support the Bank of Canada's (BoC) ongoing easing cycle. In July, the Bank of Canada trimmed its policy rate by an extra 25 bps to 4.50%, following a quarter-point interest rate reduction at its meeting in June. Back to the last gathering, the central bank left the door open to further rate cuts if inflation continues to progress towards the ...
- From statcan.gc.ca|Jul 5, 2024
Employment was virtually unchanged in June (-1,400; -0.0%), and the employment rate fell 0.2 percentage points to 61.1%. The unemployment rate increased 0.2 percentage points to 6.4% in June and has risen 1.3 percentage points since April 2023. In June, employment fell among young men aged 15 to 24 (-13,000; -0.9%), while it increased for core-aged women (aged 25 to 54) (+19,000; +0.3%). There were declines in the number of people working in transportation and warehousing (-12,000; -1.1%) as well as in public administration (-8,800; ...
From statcan.gc.ca|Jun 7, 2024|3 commentsEmployment was little changed in May (+27,000; +0.1%) and the employment rate fell 0.1 percentage points to 61.3%. The unemployment rate was 6.2% in May, up 0.1 percentage points in the month and 0.9 percentage points on a year-over-year basis. Employment was up for young women aged 15 to 24 (+48,000; +3.7%) and for women aged 55 and older (+21,000; +1.1%) in May. At the same time, employment declined among core-aged women (aged 25 to 54) (-40,000; -0.6%) and young men (-23,000; -1.6%). Employment rose in May in health care and ...
From scotiabank.com|Jun 1, 2024Major developments beckon this week that could inform broad global and regional macro risks. To date, none of the world’s most powerful central banks have begun easing policy. Several central banks have already been cutting and for some time across places such as Latin America, Switzerland, and Sweden, but this week might kick it up a few notches with the ECB most likely to lead the charge. The Bank of Canada’s decision is much more uncertain. It could go either way. I’ve laid out the case for going now, the case for waiting, and ...
- From statcan.gc.ca|May 10, 2024|4 comments
Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines. In April, employment rose among core-aged men (25 to 54 years old) (+41,000; +0.6%) and women (+27,000; +0.4%) as well as for male youth aged 15 to 24 (+39,000; +2.8%). There were fewer women aged 55 and older employed (-16,000; -0.8%), while employment was little changed among men aged 55 and older and female youth (aged 15 to 24). Employment gains in ...
- From statcan.gc.ca|Apr 5, 2024|5 comments
Employment was little changed in March (-2,200; -0.0%) and the employment rate fell 0.1 percentage points to 61.4%. The unemployment rate rose 0.3 percentage points to 6.1% in March. On a year-over-year basis, the unemployment rate was up by 1.0 percentage points. In March, employment declined among youth aged 15 to 24 (-28,000; -1.0%), while it rose among core-aged men (aged 25 to 54) (+20,000; +0.3%). Employment was little changed among core-aged women, as well as among women and men aged 55 and older. There were fewer people ...
| Released on Sep 6, 2024 |
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| Released on Aug 9, 2024 |
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| Released on Jul 5, 2024 |
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| Released on Jun 7, 2024 |
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| Released on May 10, 2024 |
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| Released on Apr 5, 2024 |
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