Employment change in Canada in July -30.6K vs. +20.0K estimate

  • Previous report -43.2K
  • evolution of employment-vs. 20.0K estimate.
  • unemployment rate 4.9% vs. 5.0% estimate
  • full-time employment -13.1K vs -4.0K last month
  • part-time employment -17.5K vs -39.1K last month
  • activity rate 64.7% compared to 64.9% last month
  • total hours worked fell -0.5% after rising 1.3% in June
  • average hourly earnings rose 5.2% year over year, unchanged from June
  • public sector employees fell by -51,000.
  • Private sector employees changed little
  • service sector jobs fell -53K
  • the goods-producing sector increased by 23K
  • the total number of unemployed health study 1.0 million
  • long-term unemployment fell by 23,002 162,000 in a consecutive monthly decline on July 2

Industry data shows it.

  • Wholesale and retail trade jobs fell by -27,000
  • health care and social assistance -22K
  • education services -18K
  • business construction and other support services -12K
  • finance, insurance, real estate, rental, and leasing +11 K

For the full report CLICK HERE

Consecutive refusals. The unemployment rate remained stable and at historically low levels.

the The USDCAD rose as the US jobs report came out much stronger than expected, pushing the greenback higher.

This article was written by Greg Michalowski at www.forexlive.com.

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