Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 3 November 2023

Canada Unemployment Rate 3 November 2023: 5.7% for October 2023, above the 5.6% forecast and up from 5.5% in September 2023. It is the highest of the last 12 releases. 3 of the last 12 releases came in above the forecast. It was released on Fri 3 Nov 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
5.7%
October 2023
Forecast
5.6%
The market consensus
Previous
5.5%
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 3 November 2023: 5.7% for October 2023 against a 5.6% 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 3 November 2023: 5.7% vs 5.6% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2023-11-03

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
3 Nov 2023Oct5.7%5.6%5.5%
6 Oct 2023Sep5.5%5.6%5.5%
8 Sep 2023Aug5.5%5.6%5.5%
4 Aug 2023Jul5.5%5.5%5.4%
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%
The release before:Canada Unemployment Rate 6 October 2023The release after:Canada Unemployment Rate 1 December 2023Canada Unemployment Rate: every recent resultThis week’s economic calendar