Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 5 February 2021

Canada Unemployment Rate 5 February 2021: 9.4% for January 2021, above the 8.9% forecast and against 8.8% in December 2020 (first reported as 8.6%). It is the highest reading since August 2020. 5 of the last 12 releases came in above the forecast. It was released on Fri 5 Feb 2021 at 13:30 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
9.4%
January 2021
Forecast
8.9%
The market consensus
Previous
8.8%
As the source gives it

What a print like this usually does

Above the forecast: An unexpected rise would usually weigh on the Canadian dollar by pointing to more labour-market slack and a potentially easier Bank of Canada path.

Canada Unemployment Rate 5 February 2021: 9.4% for January 2021 against a 8.9% forecast, with the last 12 releases
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Cite this release

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

Canada Unemployment Rate 5 February 2021: 9.4% vs 8.9% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2021-02-05

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
5 Feb 2021Jan9.4%8.9%8.8%
8 Jan 2021Dec8.6%8.6%8.5%
4 Dec 2020Nov8.5%8.9%8.9%
6 Nov 2020Oct8.9%8.8%9%
9 Oct 2020Sep9%9.7%10.2%
4 Sep 2020Aug10.2%10.1%10.9%
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%
The release before:Canada Unemployment Rate 8 January 2021The release after:Canada Unemployment Rate 12 March 2021Canada Unemployment Rate: every recent resultThis week’s economic calendar