Canada August employment report highlights

  • Prior was +10.9K
  • Full time -88.1K vs +35.1K prior
  • Part time +110.4K vs -24.3K prior
  • Unemployment 6.2% vs 6.3% prior
  • Participation 65.7% vs 65.7% prior
  • Avg hourly wage $27.06 vs $26.61, +1.7% m/m

The market doesn't like that full time number at first but the US dollar is such a wreck right now that it won't be enough to spark a real rebound.

That wage number isn't getting enough attention.