The percentage of people in the total - labor force without jobs but willing to work and are actively seeking employment. Lower unemployment bodes well for the economy, translating into more income-earning workers and greater consumption. While such increased expenditure accelerates economic growth, it can also heighten inflationary pressures. On the other hand, a higher unemployment rate tends to lead to lower consumer spending and a contracting economy. The Unemployment Rate is one of the most watch headline indicators of Canada 's labour market.

Relevance : Moderate market impact
Release Schedule : 7:00 AM (EST) on the first week of each month
Source of Report : Statistics Canada
Web Address : http://www.statcan.ca/start.html
Address of Release : http://www.statcan.ca/english/Subjects/Labour/LFS/lfs-en.htm