Canada April employment +106.5K vs +11.6K expected

Author: Adam Button | Category: News

Canadian April employment report:

Canada employment change chart
  • Prior was -7.2K
  • Unemployment rate 5.7% vs +5.8% expected
  • Hourly wage for permanent employees 2.6% vs +2.3% expected
  • Participation rate 65.9% vs 65.7% prior
  • Full time +73.0K vs -6.4K prior
  • Part time +33.6K vs -0.9K prior
This is a great report. USD/CAD has dove down to 1.3400 from 1.3465. It's the biggest one-month jobs gain on record, dating back to 1976.

Some details:
  • Quebec unemployment fell to 4.9% from 5.2% and is now the lowest on record
  • Ontario added 47K jobs, primarily due to part time work in 15-24 segment
  • Alberta employment up 21K
  • Youth unemployment rate of 10.3% is lowest on record
  • The unemployment rate for people aged 55 and older decreased by 0.2 percentage points to 5.3% as more people participated in the labour market.
  • Employment was up by 32,000 in wholesale and retail trade in April
  • Construction +29K
  • Private sector +84K
  • Public sector +23K

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