Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 7 July 2023

Canada Unemployment Rate 7 July 2023: 5.4% for June 2023, above the 5.3% forecast and up from 5.2% in May 2023. It is the highest reading since August 2022. It is the second release in a row above the forecast. It was released on Fri 7 Jul 2023 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
5.4%
June 2023
Forecast
5.3%
The market consensus
Previous
5.2%
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 7 July 2023: 5.4% for June 2023 against a 5.3% 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 7 July 2023: 5.4% vs 5.3% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2023-07-07

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
7 Jul 2023Jun5.4%5.3%5.2%
9 Jun 2023May5.2%5.1%5%
5 May 2023Apr5%5.1%5%
6 Apr 2023Mar5%5.1%5%
10 Mar 2023Feb5%5.1%5%
10 Feb 2023Jan5%5.1%5%
6 Jan 2023Dec5%5.2%5.1%
2 Dec 2022Nov5.1%5.3%5.2%
4 Nov 2022Oct5.2%5.3%5.2%
7 Oct 2022Sep5.2%5.4%5.4%
9 Sep 2022Aug5.4%5%4.9%
5 Aug 2022Jul4.9%5%4.9%
The release before:Canada Unemployment Rate 9 June 2023The release after:Canada Unemployment Rate 4 August 2023Canada Unemployment Rate: every recent resultThis week’s economic calendar