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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Job Vacancies fell to 353K in April 2016
FMPMonthlyReleased May 2016
Canada Job Vacancies fell to 353K in April 2016, released May 2016, down 48K from March's 401K reading.
Latest Release
353.000000
Actual
—
Consensus
401.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Job Vacancies (Canada) was reported at 353 thousand in May 2016. The reading fell from the previous value of 401 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update May 2016.
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Job Vacancies - CA
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About Job Vacancies — Canada
DEFINITION
Job Vacancies is a financial indicator that measures the number of available job openings in a particular market or industry. It provides valuable insights into the health of the job market and can be used to assess the demand for labor and the overall economic conditions. This indicator is often used by policymakers, businesses, and job seekers to make informed decisions about hiring, investment, and career opportunities. A high number of job vacancies is typically seen as a positive sign of a robust economy, while a low number may indicate a slowdown or recession.
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2015): actual 353 K.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.