Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 9 February 2024

Canada Unemployment Rate 9 February 2024: 5.7% for January 2024, below the 5.9% forecast and down from 5.8% in December 2023. It is the lowest reading since October 2023. It is the second release in a row below the forecast. It was released on Fri 9 Feb 2024 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
5.7%
January 2024
Forecast
5.9%
The market consensus
Previous
5.8%
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 9 February 2024: 5.7% for January 2024 against a 5.9% 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 9 February 2024: 5.7% vs 5.9% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2024-02-09

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
9 Feb 2024Jan5.7%5.9%5.8%
5 Jan 2024Dec5.8%5.9%5.8%
1 Dec 2023Nov5.8%5.8%5.7%
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%
The release before:Canada Unemployment Rate 5 January 2024The release after:Canada Unemployment Rate 8 March 2024Canada Unemployment Rate: every recent resultThis week’s economic calendar