Historical Year Data · 2016
Canada Unemployment in 2016
Canada Unemployment opened 2016 at 7.20% and closed at 6.90%, a -4.17% move for the year. The high of 7.30% was reached on February 1, and the low of 6.80% on November 1.
Open
7.20%
2016-01
Close
6.90%
12 data points
High
7.30%
Feb 1
Low
6.80%
Nov 1
Full Year Change
-4.17%
2015 Change
+7.35%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 7.20% | 7.20% | 7.20% | 7.20% | +0.00% |
| Feb | 7.30% | 7.30% | 7.30% | 7.30% | +0.00% |
| Mar | 7.20% | 7.20% | 7.20% | 7.20% | +0.00% |
| Apr | 7.30% | 7.30% | 7.30% | 7.30% | +0.00% |
| May | 7.10% | 7.10% | 7.10% | 7.10% | +0.00% |
| Jun | 7.00% | 7.00% | 7.00% | 7.00% | +0.00% |
| Jul | 7.00% | 7.00% | 7.00% | 7.00% | +0.00% |
| Aug | 6.90% | 6.90% | 6.90% | 6.90% | +0.00% |
| Sep | 7.00% | 7.00% | 7.00% | 7.00% | +0.00% |
| Oct | 6.90% | 6.90% | 6.90% | 6.90% | +0.00% |
| Nov | 6.80% | 6.80% | 6.80% | 6.80% | +0.00% |
| Dec | 6.90% | 6.90% | 6.90% | 6.90% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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