Details of the June Canadian labour report 8 July 2016
- 13.8k prev
Unemployment rate 6.8 % vs 7.0% exp vs 6.9% prev
Full time employment change -40.1 k vs 60.5k prev
Part time k vs 39.4% -46.8k prev
Participation rate 65.5% vs 65.7% prev
construction sector job losses 28,700
mftg sector job losses 12,900
accommodation and food services sector job gains 20,200
Strong US NFPs sees USDCAD spike higher to 1.3063. The decline in full time employment is a concern.Overall unemployment rate dips to an 11-month low but that's driven by a fall in the labour participation rate to the lowest since Dec 1999.
