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CANADA DATA: Canada Oct. Payroll Employment -21.1K Led by Manufacturing

CANADA DATA
CanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Payroll employment -21.1K (-0.1%) in Oct. after little change in Aug. and Sept., Statistics Canada says Thurs.
  • That's different from the +14.5K published in the Oct. Labour Force Survey and Nov. +51K.
  • Payroll drop in Oct. was led by education, manufacturing and professional, scientific and technical services.
  • YOY employment +125.8K (+0.7%) .
  • Average weekly earnings +5.3% YOY in Oct.
  • Job vacancies -15K in Oct. after little change in Sept. and -16.7K in Aug.
  • Report continues pattern of weak job growth and elevated wages. BOC has said the job market is soft and expects wage gains to moderate, though they've been elevated for a while. 

 

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  • Payroll employment -21.1K (-0.1%) in Oct. after little change in Aug. and Sept., Statistics Canada says Thurs.
  • That's different from the +14.5K published in the Oct. Labour Force Survey and Nov. +51K.
  • Payroll drop in Oct. was led by education, manufacturing and professional, scientific and technical services.
  • YOY employment +125.8K (+0.7%) .
  • Average weekly earnings +5.3% YOY in Oct.
  • Job vacancies -15K in Oct. after little change in Sept. and -16.7K in Aug.
  • Report continues pattern of weak job growth and elevated wages. BOC has said the job market is soft and expects wage gains to moderate, though they've been elevated for a while.