What is it? It check the Percentage of the total work force that is unemployed and actively seeking employment during the previous month.
The number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
Usual Effect: If the number is higher than expected, you can expect the CAD to rise.
When? October 10th at 8:30am Eastern Time.
Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.
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