Annual, Not Seasonally Adjusted
CANURNAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
3.28%
Date Range
1/1/1970 - 1/1/2012
Summary
This trend measures the annual not seasonally adjusted unemployment rate in Canada. It provides insight into long-term labor market trends and is a key indicator for economists and 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 annual not seasonally adjusted unemployment rate in Canada tracks the percentage of the labor force that is jobless. This metric is used to understand broader employment dynamics and inform economic decision-making.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
The unemployment rate is a crucial indicator for monetary and fiscal policy.
Key Facts
- Canada's annual unemployment rate averaged 7.8% from 2010-2019.
- The unemployment rate peaked at 9.6% in 2020 due to the COVID-19 pandemic.
- Youth unemployment is typically higher than the overall rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in Canada, which tracks the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market conditions and overall economic health, making it highly relevant for economists, policymakers, and market analysts.
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 unemployment rate is a crucial input for monetary and fiscal policy decisions, as it reflects the state of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CANURNAA), retrieved from FRED.