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CANADA DATA: Canada Nov. Payroll -56.1K MOM Mostly Due to Postal Strike

CANADA DATA
CanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Payroll employment in Nov. -56.1K MOM (-0.3%) after three straight months of little change, Statistics Canada says Thurs.
  • That varies from the Labour Force Survey published previously, with employment +50.5K in Nov. and +90.9K in Dec.
  • The drop in the month of Nov. was largely driven by a decline in transportation and warehousing -38.2K (-48.7%) due to postal services industry strike. Persons on strike are excluded in the payroll employment count for the month, StatsCan says.
  • Average weekly earnings +5% YOY in Nov. Payrolls +142.9K YOY (+0.8%).
  • BOC said Wed that labour market remains soft but wage pressures are showing signs of easing. 
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  • Payroll employment in Nov. -56.1K MOM (-0.3%) after three straight months of little change, Statistics Canada says Thurs.
  • That varies from the Labour Force Survey published previously, with employment +50.5K in Nov. and +90.9K in Dec.
  • The drop in the month of Nov. was largely driven by a decline in transportation and warehousing -38.2K (-48.7%) due to postal services industry strike. Persons on strike are excluded in the payroll employment count for the month, StatsCan says.
  • Average weekly earnings +5% YOY in Nov. Payrolls +142.9K YOY (+0.8%).
  • BOC said Wed that labour market remains soft but wage pressures are showing signs of easing.