Net Change in Employment

Canada’s labor market statistics tend to have a significant impact on the Canadian dollar, with the Employment Change figure carrying most of the weight. There is a significant correlation between the amount of people working and consumption, which impacts inflation and the Bank of Canada’s rate decisions, in turn moving the C$. Actual figures beating consensus tend to be CAD bullish, with currency markets usually reacting steadily and consistently in response to the publication.

Most recent - Friday 8 November 2024 13:30

Previous
46.7K
Revised
-
Forecast
25K
Actual
14.5K

Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.

Next event - Friday 6 December 2024 13:30

Previous
14.5K
Forecast
25K
Actual
-

The typical/expected impact on CAD pairs is high.

The consensus forecast for Net Change in Employment is 25K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Trading range

Forecast history

The most recent announced value for Net Change in Employment was 14.5K against a forecast of 25K.

Past events

Date
Forecast
Actual
Friday 8 November 2024 13:30
25K
14.5K
Friday 11 October 2024 12:30
27K
46.7K
Friday 6 September 2024 12:30
25K
22.1K
Friday 9 August 2024 12:30
22.5K
-2.8K
Friday 5 July 2024 12:30
22.5K
-1.4K
Friday 7 June 2024 12:30
22.5K
26.7K
Friday 10 May 2024 12:30
18K
90.4K
Friday 5 April 2024 12:30
25K
-2.2K
Friday 8 March 2024 13:30
20K
40.7K
Friday 9 February 2024 13:30
15K
37.3K
Friday 5 January 2024 13:30
13.5K
0.1K
Friday 1 December 2023 13:30
15K
24.9K
Friday 3 November 2023 12:30
22.5K
17.5K
Friday 6 October 2023 12:30
20K
63.8K
Friday 8 September 2023 12:30
15K
39.9K
Friday 4 August 2023 12:30
21.1K
-6.4K
Friday 7 July 2023 12:30
20K
59.9K
Friday 9 June 2023 12:30
23.2K
-17.3K
Friday 5 May 2023 12:30
20K
41.4K
Thursday 6 April 2023 12:30
12K
34.7K
Friday 10 March 2023 13:30
10K
21.8K
Friday 10 February 2023 13:30
15K
150K
Friday 6 January 2023 13:30
8K
104K
Friday 2 December 2022 13:30
5K
10.1K
Friday 4 November 2022 12:30
10K
108.3K
Friday 7 October 2022 12:30
20K
21.1K
Friday 9 September 2022 12:30
15K
-39.7K
Friday 5 August 2022 12:30
20K
-30.6K
Friday 8 July 2022 12:30
23.5K
-43.2K
Friday 10 June 2022 12:30
30K
39.8K
Friday 6 May 2022 12:30
55K
15.3K
Friday 8 April 2022 12:30
80K
72.5K
Friday 11 March 2022 13:30
160K
336.6K
Friday 4 February 2022 13:30
-117.5K
-200.1K
Friday 7 January 2022 13:30
27.5K
54.7K

Economic context

Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Net Change in Employment result:

PreviousLatest
S&P Global Manufacturing PMIBullish change51.152
Gross Domestic Product (QoQ)Bearish change0.5%0.3%
Gross Domestic Product AnnualizedBearish change2.2%1%
Gross Domestic Product (MoM)Bullish change0%0.1%
Current AccountBullish change-4.7B-3.23B
Retail Sales (MoM)(no change)0.4%0.4%
Retail Sales ex Autos (MoM)Bullish change-0.8%0.9%

About Net Change in Employment

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Labor Market
Frequency:Monthly
Continue to site >

Personal Trade Copier

Trade Mirror

Trading Simulator

Figaro App Suite

Publisher EA

Figaro Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?