Unemployment Rate

Date Time Left   Event Impact Previous Consensus Actual
Aug 07, 12:30  Unemployment Rate 6.8% 6.8% 6.8%

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.



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