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Canada CAD

Canada Employment Change

Info

History

Chart

Impact:

High

Source: Statistics Canada

Latest Release:

Date:

Big Surprise:

58.6K

CAD

Actual:

53.6K

Forecast: -5K

Previous/Revision:

66.6K

Period: Nov

Next Release:

Date:

Forecast: 90K

Period: Dec

What Does It Measure?

The Canada Employment Change measures the monthly net change in the number of employed Canadians, focusing on the labor market's health by assessing job creation or loss across various industries. Key indicators include full-time and part-time employment variations, with results above zero indicating job growth and below zero indicating job loss, serving as a national indicator of employment dynamics.

Frequency

This report is released monthly, typically on the first Friday of the month, as a preliminary estimate of employment status based on data collected in the previous month.

Why Do Traders Care?

Traders closely monitor the Canada Employment Change as it significantly influences market sentiment and economic forecasts; strong job growth suggests a robust economy, potentially bullish for the Canadian dollar (CAD) and equities, while weaker results may drive bearish sentiment in both currencies and stock markets due to concerns over economic slowdown.

What Is It Derived From?

The Employment Change is derived from the Labor Force Survey, which collects data from approximately 56,000 households across Canada, utilizing methodologies that account for seasonal adjustments and discrepancies in the labor market. The survey's methodology includes a broad assessment of the population aged 15 and older, capturing both employed and unemployed individuals.

Description

This monthly report provides vital insight into the Canadian labor market, reflecting changes in employment levels, which affect consumer spending and economic growth. The Employment Change serves as a coincident economic indicator, providing real-time insight into the economy's status and influencing fiscal and monetary policy decisions.

Additional Notes

The Employment Change is critical when compared to other labor statistics, such as the unemployment rate and labor force participation rate, as it offers a comprehensive view of labor market dynamics. It acts as a leading indicator of economic performance, anticipating trends in consumer behavior and broader economic activity.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bullish for Stocks. Lower than expected: Bearish for CAD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 05, 2025	53.6K	-5K	66.6K	58.6K
Nov 07, 2025	66.6K	-2.5K	60.4K	69.1K
Oct 10, 2025	60.4K	5K	-65.5K	55.4K
Sep 05, 2025	-65.5K	7.5K	-40.8K	-73K
Aug 08, 2025	-40.8K	13.5K	83.1K	-54.3K
Jul 11, 2025	83.1K	0K	8.8K	83.1K
Jun 06, 2025	8.8K	-15K	7.4K	23.8K
May 09, 2025	7.4K	2.5K	-32.6K	4.9K
Apr 04, 2025	-32.6K	12K	1.1K	-44.6K
Mar 07, 2025	1.1K	20K	76K	-18.9K
Feb 07, 2025	76K	25K	90.9K	51K
Jan 10, 2025	90.9K	25K	50.5K	65.9K
Dec 06, 2024	50.5K	25K	14.5K	25.5K
Nov 08, 2024	14.5K	25K	46.7K	-10.5K
Oct 11, 2024	46.7K	27K	22.1K	19.7K
Sep 06, 2024	22.1K	25K	-2.8K	-2.9K
Aug 09, 2024	-2.8K	22.5K	-1.4K	-25.3K
Jul 05, 2024	-1.4K	22.5K	26.7K	-23.9K
Jun 07, 2024	26.7K	22.5K	90.4K	4.2K
May 10, 2024	90.4K	18K	-2.2K	72.4K
Apr 05, 2024	-2.2K	25K	40.7K	-27.2K
Mar 11, 2024
Mar 08, 2024	40.7K	20K	37.3K	20.7K
Feb 09, 2024	37.3K	15K	12.3K	22.3K
Jan 05, 2024	0.1K	13.5K	24.9K	-13.4K
Dec 01, 2023	24.9K	15K	17.5K	9.9K
Nov 03, 2023	17.5K	22.5K	63.8K	-5K
Oct 06, 2023	63.8K	20K	39.9K	43.8K
Sep 08, 2023	39.9K	15K	-6.4K	24.9K
Aug 04, 2023	-6.4K	21.1K	59.9K	-27.5K
Jul 07, 2023	59.9K	20K	-17.3K	39.9K
Jun 09, 2023	-17.3K	23.2K	41.4K	-40.5K
May 05, 2023	41.4K	20K	34.7K	21.4K
Apr 06, 2023	34.7K	12K	21.8K	22.7K
Mar 10, 2023	21.8K	10K	150K	11.8K
Feb 10, 2023	150K	15K	69.2K	135K
Jan 06, 2023	104K	8K	10.1K	96K
Dec 02, 2022	10.1K	5K	108.3K	5.1K
Nov 04, 2022	108.3K	10K	21.1K	98.3K
Oct 07, 2022	21.1K	20K	-39.7K	1.1K
Sep 09, 2022	-39.7K	15K	-30.6K	-54.7K
Aug 05, 2022	-30.6K	20K	-43.2K	-50.6K
Jul 08, 2022	-43.2K	23.5K	39.8K	-66.7K
Jun 10, 2022	39.8K	30K	15.3K	9.8K
May 06, 2022	15.3K	55K	72.5K	-39.7K
Apr 08, 2022	72.5K	80K	336.6K	-7.5K
Mar 11, 2022	336.6K	160K	-200.1K	176.6K
Feb 04, 2022	-200.1K	-117.5K	78.6K	-82.6K
Jan 07, 2022	54.7K	27.5K	153.7K	27.2K
Dec 03, 2021	153.7K	35K	31.2K	118.7K
Nov 05, 2021	31.2K	50K	157.1K	-18.8K
Oct 08, 2021	157.1K	65K	90.2K	92.1K
Sep 10, 2021	90.2K	100K	94K	-9.8K
Aug 06, 2021	94K	177.5K	230.7K	-83.5K
Jul 09, 2021	230.7K	195K	-68K	35.7K
Jun 04, 2021	-68K	-20K	-207K	-48K
May 07, 2021	-207.1K	-175K	303.1K	-32.1K
Apr 09, 2021	303.1K	100K	259.2K	203.1K
Mar 12, 2021	259.2K	75K	-212.8K	184.2K
Feb 05, 2021	-212.8K	-47.5K	-52.7K	-165.3K
Jan 08, 2021	-62.6K	-27.5K	62.1K	-35.1K
Dec 04, 2020	62K	20K	83.6K	42K
Nov 06, 2020	83.6K	100K	378.2K	-16.4K
Oct 09, 2020	378.2K	156.6K	245.8K	221.6K
Sep 04, 2020	245.8K	275K	418.5K	-29.2K
Aug 07, 2020	418.5K	400K	952.9K	18.5K
Jul 10, 2020	952.9K	700K	289.6K	252.9K
Jun 05, 2020	289.6K	-500K	-1993.8K	789.6K
May 08, 2020	-1993.8K	-4000K	-1010.7K	2006.2K
Apr 09, 2020	-1010.7K	-350K	30.3K	-660.7K
Mar 06, 2020	30.3K	10K	34.5K	20.3K
Feb 07, 2020	34.5K	15K	27.3K	19.5K
Jan 10, 2020	35.2K	25K	-71.2K	10.2K
Dec 06, 2019	-71.2K	10K	-1.8K	-81.2K
Nov 08, 2019	-1.8K	15.9K	53.7K	-17.7K
Oct 11, 2019	53.7K	10K	81.1K	43.7K
Sep 06, 2019	81.1K	15K	-24.2K	66.1K
Aug 09, 2019	-24.2K	12.5K	-2.2K	-36.7K
Jul 05, 2019	-2.2K	10K	27.7K	-12.2K
Jun 07, 2019	27.7K	8K	106.5K	19.7K
May 10, 2019	106.5K	10K	-7.2K	96.5K
Apr 05, 2019	-7.2K	1K	55.9K	-8.2K
Mar 08, 2019	55.9K	0K	66.8K	55.9K
Feb 08, 2019	66.8K	8K	-1.3K	58.8K
Jan 04, 2019	9.3K	5.5K	94.1K	3.8K
Dec 07, 2018	94.1K	11K	11.2K	83.1K
Nov 02, 2018	11.2K	10K	63.3K	1.2K
Oct 05, 2018	63.3K	25K	-51.6K	38.3K
Sep 07, 2018	-51.6K	5K	54.1K	-56.6K
Aug 10, 2018	54.1K	17K	31.8K	37.1K
Jul 06, 2018	31.8K	24K	-7.5K	7.8K
Jun 08, 2018	-7.5K	17.5K	-1.1K	-25K
May 11, 2018	-1.1K	17.4K	32.3K	-18.5K
Apr 06, 2018	32.3K	20K	15.4K	12.3K
Mar 09, 2018	15.4K	20K	-88K	-4.6K
Feb 09, 2018	-88K	10K	64.8K	-98K
Jan 05, 2018	78.6K	1K	79.5K	77.6K
Dec 01, 2017	79.5K	10K	35.3K	69.5K
Nov 03, 2017	35.3K	15K	10K	20.3K
Oct 06, 2017	10K	14.5K	22.2K	-4.5K
Sep 08, 2017	22.2K	19K	10.9K	3.2K
Aug 04, 2017	10.9K	10K	45.3K	0.9K
Jul 07, 2017	45.3K	10K	54.5K	35.3K
Jun 09, 2017	54.5K	11K	3.2K	43.5K
May 05, 2017	3.2K	10K	19.4K	-6.8K
Apr 07, 2017	19.4K	5K	15.3K	14.4K
Mar 10, 2017	15.3K	2.5K	48.3K	12.8K
Feb 10, 2017	48.3K	-5K	46.1K	53.3K
Jan 06, 2017	53.7K	-5K	10.7K	58.7K
Dec 02, 2016	10.7K	-20K	43.9K	30.7K
Nov 04, 2016	43.9K	-10K	67.2K	53.9K
Oct 07, 2016	67.2K	10K	26.2K	57.2K
Sep 09, 2016	26.2K	15K	-31.2K	11.2K
Aug 05, 2016	-31.2K	10K	-0.7K	-41.2K
Jul 08, 2016	-0.7K	5K	13.8K	-5.7K
Jun 10, 2016	13.8K	3.8K	-2.1K	10K
May 06, 2016	-2.1K	1K	40.6K	-3.1K
Apr 08, 2016	40.6K	10K	-2.3K	30.6K
Mar 11, 2016	-2.3K	9K	-5.7K	-11.3K
Feb 05, 2016	-5.7K	5.5K	22.8K	-11.2K
Jan 08, 2016	22.8K	10K	-35.7K	12.8K
Dec 04, 2015	-35.7K	-10K	44.4K	-25.7K
Nov 06, 2015	44.4K	10K	12.1K	34.4K
Oct 09, 2015	12.1K	10K	12K	2.1K
Sep 04, 2015	12K	-4.5K	6.6K	16.5K
Aug 07, 2015	6.6K	5K	-6.4K	1.6K
Jul 10, 2015	-6.4K	-10K	58.9K	3.6K
Jun 05, 2015	58.9K	10K	-19.7K	48.9K
May 08, 2015	-19.7K	-5K	28.7K	-14.7K