Last month 94.1K unrevised
- Prior report
- Full time employment change -18.9K
- Part time employment change +28.3K
- Unemployment rate 5.6% versus 5.7% expected. Last 5.6%
- participation rate 65.4% versus 65.4% expected
- hourly wage rate for permanent employees 1.5% versus 1.6% expected. Last 1.5%
- Increases were recorded in manufacturing, transportation and warehousing, as well as in health care and social assistance.
- Declines were in wholesale and retail trade as well as in public administration.
- +24K in manufacturing
- Transportation and warehousing, +15K
- health care and social assistance, +11K
- wholesale and retail trade, -26K
- public administration, -17K
The Canada unemployment rate remained steady at 5.6%. It was expected to take up to 5.7%. The jobs gains were as expected this month after last month's oversize 94.1K increase.
Increases were recorded in manufacturing, transportation and warehousing, as well as in health care and social assistance. Declines were in wholesale and retail trade as well as in public administration.
No real shocks in this report. The USDCAD is higher, however, on the back of the big rise in NFP in the US
