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Unemployment Rate

The percentage of people in the total - labor force without jobs but willing to work and are actively seeking employment. Low unemployment rate indicates good economic state, leading to greater personal income and greater consumption. However, such increased expenditure with economic growth may increase inflationary pressures. On the other hand, higher unemployment leads to lower consumption and lower economic growth. The unemployment rate is one of the most watched indicators in the Canada's labor market.

  • Release Frequency: monthly.
  • Release Schedule: 07:00 EST, the first week of the month.
  • Source: Statistics Canada.