Quarterly, Seasonally Adjusted
CANURHARMQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
-5.13%
Date Range
1/1/1956 - 1/1/2012
Summary
This series measures the quarterly unemployment rate in Canada, adjusted for seasonal variations. It provides a reliable indicator of 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
The Quarterly, Seasonally Adjusted unemployment rate is a key metric used to assess the health of the Canadian labor market. It represents the percentage of the labor force that is jobless but actively seeking employment, with seasonal fluctuations removed to provide a clearer picture of underlying trends.
Methodology
The data is collected through the Canadian Labor Force Survey and calculated by Statistics Canada.
Historical Context
The unemployment rate is a vital input for monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Key Facts
- The current Canadian unemployment rate is 5.1%.
- Unemployment peaked at 13.7% during the COVID-19 pandemic.
- Youth unemployment is typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted unemployment rate measures the percentage of the Canadian labor force that is jobless but actively seeking employment, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market conditions and overall economic health, informing policy decisions by governments and central banks.
Q: How is this data collected or calculated?
A: The data is collected through the Canadian Labor Force Survey and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: The unemployment rate is a vital input for monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (CANURHARMQDSMEI), retrieved from FRED.