Highlights of the July Canadian employment report
Prior was +31.8K
- Full time jobs -28.0K vs +9.1K prior
- Part time +82.0K vs +22.7K prior
- Participation rate 65.4% vs 65.4% expected (65.5% prior)
- Unemployment rate 5.8% vs 5.9% expected (6.0% prior)
- Hourly earnings permanent employees +3.0% vs +3.5% prior
Earnings have fallen from +3.9% two months ago and that helped to quickly erased the kneejerk down to 1.3028 from 1.3090. The full-time/part-time split is also less-than-ideal and the market picked up on it quickly.
Hourly earnings permanent employees y/y:
