Canada June employment change -43.2K vs 23.5K estimate

• Prior report 39.8 K (was higher than the 30 K estimate)
• Employment change -43.2K vs 23.5 K estimate
• Unemployment change 4.9% vs. 5.1% estimate. Last month 5.1%. The unemployment rate hit a record low for the 4th consecutive month.
• Full-time employment -4.0KK vs 135.4 K last month.
• Part-time employment -39.1K vs -95.8 K last month
• participation rate 64.9% vs 65.3% last month.
• Average hourly earnings rose 5.2% on a year-over-year basis up from 3.9% in May and 3.3% in April.
• Service producing jobs fell by -76K. Retail trade fell -58K. Social assistance -20 K. Information culture and recreation -14 K. Educational services -14 K. Public administration +15 K
• goods producing jobs +33K, led by gains in construction and manufacturing. Construction +23K. Natural resources -20K
• total hours worked increase 1.3% June
• total number of unemployed workers fell by -54,000 to 1 million

The good is the unemployment rate fell to 4.9% a new record low as fewer people search for work. The not so good news is the employment change fell by -43.2% with most of the declines in the part-time employment. Full-time employment fell marginally.

A decline in service producing sector (minus 76K) – particularly in retail trade – was moderated by gains in good producing sector (+30 3K)

The USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term was trading at 1.2987 before the Canada and US jobs reports. The USDCAD is trading higher at 1.30246 after the combination of stronger US jobs and weaker Canada jobs.

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/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term