Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 7 August 2020

Canada Unemployment Rate 7 August 2020: 10.9% for July 2020, below the 11% forecast and down from 12.3% in June 2020. It is the lowest reading since March 2020. 6 of the last 12 releases came in below the forecast. It was released on Fri 7 Aug 2020 at 12:30 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics Canada. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
10.9%
July 2020
Forecast
11%
The market consensus
Previous
12.3%
As the source gives it

What a print like this usually does

Below the forecast: An unexpected fall would usually support the Canadian dollar, especially if it comes with solid hiring and stable participation.

Canada Unemployment Rate 7 August 2020: 10.9% for July 2020 against a 11% forecast, with the last 12 releases
Sharing this? Please link to this page as the source.Download the chart

Cite this release

If you cite this release, please link to this page:

Canada Unemployment Rate 7 August 2020: 10.9% vs 11% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2020-08-07

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
7 Aug 2020Jul10.9%11%12.3%
10 Jul 2020Jun12.3%12%13.7%
5 Jun 2020May13.7%15%13%
8 May 2020Apr13%18%7.8%
9 Apr 2020Mar7.8%7.2%5.6%
6 Mar 2020Feb5.6%5.6%5.5%
7 Feb 2020Jan5.5%5.6%5.6%
10 Jan 2020Dec5.6%5.8%5.9%
6 Dec 2019Nov5.9%5.5%5.5%
8 Nov 2019Oct5.5%5.5%5.5%
11 Oct 2019Sep5.5%5.7%5.7%
6 Sep 2019Aug5.7%5.7%5.7%
The release before:Canada Unemployment Rate 10 July 2020The release after:Canada Unemployment Rate 4 September 2020Canada Unemployment Rate: every recent resultThis week’s economic calendar