March 28, 2024 12:32 GMT
Canada Jan Payrolls
CANADA DATA
- Payroll employment +0.2% or +39.8K from Dec, +1.2% YOY.
- Increase was led by retail, which posted the first increase after 4 consecutive declines; overall, 13 of 20 sectors increased employment.
- Hours worked +0.9% YOY.
- Average weekly earnings +0.7% in Jan after -0.4% in Dec; Jan earnings +3.9% YOY.
- Residential building construction employment -0.9%. Canada needs +3.5M homes by 2030 to meet demand.
- Job vacancies little changed on month and -26% YOY.
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