he canadian data Statistics shows that Employment Change in The Canadian economy added 76,000 jobs in January
Unemployment Rate: The unemployment rate edged down to 6.6%368.
Comparison to Forecasts and Previous Data:
The actual Employment Change of 76,000 significantly exceeded the forecast of 25.5K and was lower than the previous figure of 90.9K
The Unemployment Rate of 6.6% was better than the forecast of 6.8% and a notch below the previous month's 6.7%
Broader Context and Analysis:
December 2024 saw an increase of 91,000 in employment, with the unemployment rate easing to 6.7%
The December numbers were firmer than expected, although the unemployment rate was still up almost a percentage point from a year prior.
In January 2025, the unemployment rate dropped again to 6.6%3.
we take a bat canadian econmy and GBPCAD went in favour of CAD.
Unemployment Rate: The unemployment rate edged down to 6.6%368.
Comparison to Forecasts and Previous Data:
The actual Employment Change of 76,000 significantly exceeded the forecast of 25.5K and was lower than the previous figure of 90.9K
The Unemployment Rate of 6.6% was better than the forecast of 6.8% and a notch below the previous month's 6.7%
Broader Context and Analysis:
December 2024 saw an increase of 91,000 in employment, with the unemployment rate easing to 6.7%
The December numbers were firmer than expected, although the unemployment rate was still up almost a percentage point from a year prior.
In January 2025, the unemployment rate dropped again to 6.6%3.
we take a bat canadian econmy and GBPCAD went in favour of CAD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.