Latest Canadian jobs data

  • Prior -5.7k
  • Unemployment rate 7.3% vs 7.2% exp. Prior 7.2%
  • Participation rate 65.9% vs 65.9% exp. Prior 65.9%
  • Full time change -51.8k vs 5.6k prior
  • Part time 46.5k vs -11.3k prior

Never an easy one to determine by the employment numbers alone. There's a revolving door on the full/part time work numbers.

Full/Part time work change

The unemployment rate speaks for itself though

Canadian unemployment rate

On the wage front, the average hourly wage increased 3.3% vs 2.7% prior y/y.