April payroll employment -1.84M, or.....>

CANADA DATA: April payroll employment -1.84M, or -11.4%. Decline is similar to

-11.0% recorded in the earlier Labour Force Survey (LFS), which was followed by

surprise +290K in May LFS.

*Payrolls were -16.3% from Feb-Apr, similar to LFS -15.7% over same period,

Statistics Canada said Thursday.

*Agency sees "Notable employment declines in export-dependent subsectors" in

coming months, based on recent trade data.

*Average weekly earnings +6.1% MOM, +9.1% YOY. Reflects disproportionate job

losses among lower-paid hourly workers. Total weekly payroll -6.0% in April, and

-11.1% since Feb.

*"Total hours worked fell 8.0% in April, bringing the total decline since

February to 15.1%. At the same time, average weekly hours worked rebounded in

April (+1.2 hours) following a decline in March (-0.6 hours), bringing the

average to 33.6 hours per week. This was largely due to the remaining hourly

paid employees in April working more hours per week on average (31.2 hours, up

from 29.6 in March)."