Canada Employment Change

Info

History

Chart

Impact:

High

Source: Statistics Canada

Latest Release:

Date: Aug 08, 2025 12:30

Big Surprise:

-54.3K

CAD

Actual:

-40.8K

Forecast: 13.5K

Previous/Revision:

83.1K

Period: Jul

Next Release:

Date: Sep 05, 2025 12:30

Period: Aug

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	Time	Actual	Forecast	Previous	Surprise
Aug 08, 2025	12:30	-40.8K	13.5K	83.1K	-54.3K
Jul 11, 2025	12:30	83.1K	0K	8.8K	83.1K
Jun 06, 2025	12:30	8.8K	-15K	7.4K	23.8K
May 09, 2025	12:30	7.4K	2.5K	-32.6K	4.9K
Apr 04, 2025	12:30	-32.6K	12K	1.1K	-44.6K
Mar 07, 2025	13:30	1.1K	20K	76K	-18.9K
Feb 07, 2025	13:30	76K	25K	90.9K	51K
Jan 10, 2025	13:30	90.9K	25K	50.5K	65.9K
Dec 06, 2024	13:30	50.5K	25K	14.5K	25.5K
Nov 08, 2024	13:30	14.5K	25K	46.7K	-10.5K
Oct 11, 2024	12:30	46.7K	27K	22.1K	19.7K
Sep 06, 2024	12:30	22.1K	25K	-2.8K	-2.9K
Aug 09, 2024	12:30	-2.8K	22.5K	-1.4K	-25.3K
Jul 05, 2024	12:30	-1.4K	22.5K	26.7K	-23.9K
Jun 07, 2024	12:30	26.7K	22.5K	90.4K	4.2K
May 10, 2024	12:30	90.4K	18K	-2.2K	72.4K
Apr 05, 2024	12:30	-2.2K	25K	40.7K	-27.2K
Mar 11, 2024	13:30
Mar 08, 2024	13:30	40.7K	20K	37.3K	20.7K
Feb 09, 2024	13:30	37.3K	15K	12.3K	22.3K
Jan 05, 2024	13:30	0.1K	13.5K	24.9K	-13.4K
Dec 01, 2023	13:30	24.9K	15K	17.5K	9.9K
Nov 03, 2023	12:30	17.5K	22.5K	63.8K	-5K
Oct 06, 2023	12:30	63.8K	20K	39.9K	43.8K
Sep 08, 2023	12:30	39.9K	15K	-6.4K	24.9K
Aug 04, 2023	12:30	-6.4K	21.1K	59.9K	-27.5K
Jul 07, 2023	12:30	59.9K	20K	-17.3K	39.9K
Jun 09, 2023	12:30	-17.3K	23.2K	41.4K	-40.5K
May 05, 2023	12:30	41.4K	20K	34.7K	21.4K
Apr 06, 2023	12:30	34.7K	12K	21.8K	22.7K
Mar 10, 2023	13:30	21.8K	10K	150K	11.8K
Feb 10, 2023	13:30	150K	15K	69.2K	135K
Jan 06, 2023	13:30	104K	8K	10.1K	96K
Dec 02, 2022	13:30	10.1K	5K	108.3K	5.1K
Nov 04, 2022	12:30	108.3K	10K	21.1K	98.3K
Oct 07, 2022	12:30	21.1K	20K	-39.7K	1.1K
Sep 09, 2022	12:30	-39.7K	15K	-30.6K	-54.7K
Aug 05, 2022	12:30	-30.6K	20K	-43.2K	-50.6K
Jul 08, 2022	12:30	-43.2K	23.5K	39.8K	-66.7K
Jun 10, 2022	12:30	39.8K	30K	15.3K	9.8K
May 06, 2022	12:30	15.3K	55K	72.5K	-39.7K
Apr 08, 2022	12:30	72.5K	80K	336.6K	-7.5K
Mar 11, 2022	13:30	336.6K	160K	-200.1K	176.6K
Feb 04, 2022	13:30	-200.1K	-117.5K	78.6K	-82.6K
Jan 07, 2022	13:30	54.7K	27.5K	153.7K	27.2K
Dec 03, 2021	13:30	153.7K	35K	31.2K	118.7K
Nov 05, 2021	12:30	31.2K	50K	157.1K	-18.8K
Oct 08, 2021	12:30	157.1K	65K	90.2K	92.1K
Sep 10, 2021	12:30	90.2K	100K	94K	-9.8K
Aug 06, 2021	12:30	94K	177.5K	230.7K	-83.5K
Jul 09, 2021	12:30	230.7K	195K	-68K	35.7K
Jun 04, 2021	12:30	-68K	-20K	-207K	-48K
May 07, 2021	12:30	-207.1K	-175K	303.1K	-32.1K
Apr 09, 2021	12:30	303.1K	100K	259.2K	203.1K
Mar 12, 2021	13:30	259.2K	75K	-212.8K	184.2K
Feb 05, 2021	13:30	-212.8K	-47.5K	-52.7K	-165.3K
Jan 08, 2021	13:30	-62.6K	-27.5K	62.1K	-35.1K
Dec 04, 2020	13:30	62K	20K	83.6K	42K
Nov 06, 2020	13:30	83.6K	100K	378.2K	-16.4K
Oct 09, 2020	12:30	378.2K	156.6K	245.8K	221.6K
Sep 04, 2020	12:30	245.8K	275K	418.5K	-29.2K
Aug 07, 2020	12:30	418.5K	400K	952.9K	18.5K
Jul 10, 2020	12:30	952.9K	700K	289.6K	252.9K
Jun 05, 2020	12:30	289.6K	-500K	-1993.8K	789.6K
May 08, 2020	12:30	-1993.8K	-4000K	-1010.7K	2006.2K
Apr 09, 2020	12:30	-1010.7K	-350K	30.3K	-660.7K
Mar 06, 2020	13:30	30.3K	10K	34.5K	20.3K
Feb 07, 2020	13:30	34.5K	15K	27.3K	19.5K
Jan 10, 2020	13:30	35.2K	25K	-71.2K	10.2K
Dec 06, 2019	13:30	-71.2K	10K	-1.8K	-81.2K
Nov 08, 2019	13:30	-1.8K	15.9K	53.7K	-17.7K
Oct 11, 2019	12:30	53.7K	10K	81.1K	43.7K
Sep 06, 2019	12:30	81.1K	15K	-24.2K	66.1K
Aug 09, 2019	12:30	-24.2K	12.5K	-2.2K	-36.7K
Jul 05, 2019	12:30	-2.2K	10K	27.7K	-12.2K
Jun 07, 2019	12:30	27.7K	8K	106.5K	19.7K
May 10, 2019	12:30	106.5K	10K	-7.2K	96.5K
Apr 05, 2019	12:30	-7.2K	1K	55.9K	-8.2K
Mar 08, 2019	13:30	55.9K	0K	66.8K	55.9K
Feb 08, 2019	13:30	66.8K	8K	-1.3K	58.8K
Jan 04, 2019	13:30	9.3K	5.5K	94.1K	3.8K
Dec 07, 2018	13:30	94.1K	11K	11.2K	83.1K
Nov 02, 2018	12:30	11.2K	10K	63.3K	1.2K
Oct 05, 2018	12:30	63.3K	25K	-51.6K	38.3K
Sep 07, 2018	12:30	-51.6K	5K	54.1K	-56.6K
Aug 10, 2018	12:30	54.1K	17K	31.8K	37.1K
Jul 06, 2018	12:30	31.8K	24K	-7.5K	7.8K
Jun 08, 2018	12:30	-7.5K	17.5K	-1.1K	-25K
May 11, 2018	12:30	-1.1K	17.4K	32.3K	-18.5K
Apr 06, 2018	12:30	32.3K	20K	15.4K	12.3K
Mar 09, 2018	13:30	15.4K	20K	-88K	-4.6K
Feb 09, 2018	13:30	-88K	10K	64.8K	-98K
Jan 05, 2018	13:30	78.6K	1K	79.5K	77.6K
Dec 01, 2017	13:30	79.5K	10K	35.3K	69.5K
Nov 03, 2017	12:30	35.3K	15K	10K	20.3K
Oct 06, 2017	12:30	10K	14.5K	22.2K	-4.5K
Sep 08, 2017	12:30	22.2K	19K	10.9K	3.2K
Aug 04, 2017	12:30	10.9K	10K	45.3K	0.9K
Jul 07, 2017	12:30	45.3K	10K	54.5K	35.3K
Jun 09, 2017	12:30	54.5K	11K	3.2K	43.5K
May 05, 2017	12:30	3.2K	10K	19.4K	-6.8K
Apr 07, 2017	12:30	19.4K	5K	15.3K	14.4K
Mar 10, 2017	13:30	15.3K	2.5K	48.3K	12.8K
Feb 10, 2017	13:30	48.3K	-5K	46.1K	53.3K
Jan 06, 2017	13:30	53.7K	-5K	10.7K	58.7K
Dec 02, 2016	13:30	10.7K	-20K	43.9K	30.7K
Nov 04, 2016	12:30	43.9K	-10K	67.2K	53.9K
Oct 07, 2016	12:30	67.2K	10K	26.2K	57.2K
Sep 09, 2016	12:30	26.2K	15K	-31.2K	11.2K
Aug 05, 2016	12:30	-31.2K	10K	-0.7K	-41.2K
Jul 08, 2016	12:30	-0.7K	5K	13.8K	-5.7K
Jun 10, 2016	12:30	13.8K	3.8K	-2.1K	10K
May 06, 2016	12:30	-2.1K	1K	40.6K	-3.1K
Apr 08, 2016	12:30	40.6K	10K	-2.3K	30.6K
Mar 11, 2016	13:30	-2.3K	9K	-5.7K	-11.3K
Feb 05, 2016	13:30	-5.7K	5.5K	22.8K	-11.2K
Jan 08, 2016	13:30	22.8K	10K	-35.7K	12.8K
Dec 04, 2015	13:30	-35.7K	-10K	44.4K	-25.7K
Nov 06, 2015	13:30	44.4K	10K	12.1K	34.4K
Oct 09, 2015	13:30	12.1K	10K	12K	2.1K
Sep 04, 2015	13:30	12K	-4.5K	6.6K	16.5K
Aug 07, 2015	13:30	6.6K	5K	-6.4K	1.6K
Jul 10, 2015	13:30	-6.4K	-10K	58.9K	3.6K
Jun 05, 2015	13:30	58.9K	10K	-19.7K	48.9K
May 08, 2015	13:30	-19.7K	-5K	28.7K	-14.7K