Forex Trading News: CAD Job Data Preview

Mr. Danish FX — Fri, 09 May 2008 05:16:03 -0400

At 7:00 AM, the Canadian Employment Change and Unemployment Rate are released. The Employment Change number gauges the change from the previous month of people in the work fource. As jobs and this data increase, it typically has a positive effect on both the currency and the economy.

The Unemployment Rate gauges the percentage of the total work force unemployed and currently looking for work during the prior month. A drop in this percentage is positive to both the currency and economy.

A drop is forecast in the Employment change for this release. 10.0K is expected from the previous 14.6K.

No change from the 6.0% is forecast for the Unemployment Rate.