Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 4 February 2022

Canada Unemployment Rate 4 February 2022: 6.5% for January 2022, above the 6.2% forecast and against 6% in December 2021 (first reported as 5.9%). It is the highest reading since October 2021. 4 of the last 12 releases came in above the forecast. It was released on Fri 4 Feb 2022 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
6.5%
January 2022
Forecast
6.2%
The market consensus
Previous
6%
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 4 February 2022: 6.5% for January 2022 against a 6.2% 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 4 February 2022: 6.5% vs 6.2% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2022-02-04

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
4 Feb 2022Jan6.5%6.2%6%
7 Jan 2022Dec5.9%6%6%
3 Dec 2021Nov6%6.6%6.7%
5 Nov 2021Oct6.7%6.8%6.9%
8 Oct 2021Sep6.9%6.9%7.1%
10 Sep 2021Aug7.1%7.3%7.5%
6 Aug 2021Jul7.5%7.4%7.8%
9 Jul 2021Jun7.8%7.7%8.2%
4 Jun 2021May8.2%8.2%8.1%
7 May 2021Apr8.1%7.8%7.5%
9 Apr 2021Mar7.5%8%8.2%
12 Mar 2021Feb8.2%9.2%9.4%
The release before:Canada Unemployment Rate 7 January 2022The release after:Canada Unemployment Rate 11 March 2022Canada Unemployment Rate: every recent resultThis week’s economic calendar