Net Change in Employment

Canada’s labor market statistics tend to have a significant impact on the Canadian dollar, with the Employment Change figure carrying most of the weight. There is a significant correlation between the amount of people working and consumption, which impacts inflation and the Bank of Canada’s rate decisions, in turn moving the C$. Actual figures beating consensus tend to be CAD bullish, with currency markets usually reacting steadily and consistently in response to the publication.

Most recent - Friday 7 June 2024 12:30

Previous
90.4K
Revised
-
Forecast
22.5K
Actual
26.7K

Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Next event - Friday 5 July 2024 12:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on CAD pairs is high.

There is no forecast value for Net Change in Employment yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Net Change in Employment was 26.7K against a forecast of 22.5K.

Past events

Date
Forecast
Actual
Friday 7 June 2024 12:30
22.5K
26.7K
Friday 10 May 2024 12:30
18K
90.4K
Friday 5 April 2024 12:30
25K
-2.2K
Friday 8 March 2024 13:30
20K
40.7K
Friday 9 February 2024 13:30
15K
37.3K
Friday 5 January 2024 13:30
13.5K
0.1K
Friday 1 December 2023 13:30
15K
24.9K
Friday 3 November 2023 12:30
22.5K
17.5K
Friday 6 October 2023 12:30
20K
63.8K
Friday 8 September 2023 12:30
15K
39.9K
Friday 4 August 2023 12:30
21.1K
-6.4K
Friday 7 July 2023 12:30
20K
59.9K
Friday 9 June 2023 12:30
23.2K
-17.3K
Friday 5 May 2023 12:30
20K
41.4K
Thursday 6 April 2023 12:30
12K
34.7K
Friday 10 March 2023 13:30
10K
21.8K
Friday 10 February 2023 13:30
15K
150K
Friday 6 January 2023 13:30
8K
104K
Friday 2 December 2022 13:30
5K
10.1K
Friday 4 November 2022 12:30
10K
108.3K
Friday 7 October 2022 12:30
20K
21.1K
Friday 9 September 2022 12:30
15K
-39.7K
Friday 5 August 2022 12:30
20K
-30.6K
Friday 8 July 2022 12:30
23.5K
-43.2K
Friday 10 June 2022 12:30
30K
39.8K
Friday 6 May 2022 12:30
55K
15.3K
Friday 8 April 2022 12:30
80K
72.5K
Friday 11 March 2022 13:30
160K
336.6K
Friday 4 February 2022 13:30
-117.5K
-200.1K
Friday 7 January 2022 13:30
27.5K
54.7K
Friday 3 December 2021 13:30
35K
153.7K
Friday 5 November 2021 12:30
19.3K
31.2K
Friday 8 October 2021 12:30
65K
157.1K
Friday 10 September 2021 12:30
100K
90.2K
Friday 6 August 2021 12:30
177.5K
94K
Friday 9 July 2021 12:30
195K
230.7K

Economic context

Recent economic data has been strongly bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Net Change in Employment result:

PreviousLatest
Average Hourly Wages (YoY)Bullish change4.8%5.2%
Unemployment RateBearish change6.1%6.2%
Ivey Purchasing Managers IndexBearish change65.759.1
Ivey Purchasing Managers Index s.aBearish change6352
BoC Interest Rate DecisionBearish change5%4.75%
S&P Global Manufacturing PMIBearish change49.449.3

About Net Change in Employment

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Labor Market
Frequency:Monthly
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