Annual, Not Seasonally Adjusted
CANURHARMADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
-2.63%
Date Range
1/1/1956 - 1/1/2011
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the unemployment rate in Canada on an annual, unadjusted basis. This provides insight into broader labor market conditions and is closely monitored by policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual, not seasonally adjusted unemployment rate for Canada represents the percentage of the labor force that is jobless, expressed as an unadjusted annual average. It is a key indicator of economic and workforce health, used by governments, central banks, and analysts to assess labor market trends.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
The Canadian unemployment rate is a critical input for economic and monetary policy decisions.
Key Facts
- Canada's unemployment rate averaged 7.5% in 2021.
- The rate peaked at 13.7% in May 2020 due to the COVID-19 pandemic.
- Manufacturing, construction, and retail trade are major employing sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in Canada, representing the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The Canadian unemployment rate is a key indicator of labor market conditions and overall economic health, closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Canadian unemployment rate is a critical input for economic and monetary policy decisions made by the government and central bank.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically published with a short delay after the end of each calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CANURHARMADSMEI), retrieved from FRED.