February 28, 2024 13:48 GMT
Dec Payrolls +31.6K As Teacher Strikes End, Wages +3.8% YOY
CANADA DATA
- Canada Dec Payroll Employment +31.6K MOM or +0.2% after -88K in Nov.
- Increase came as Quebec education strikes that drove the decrease in Nov ended. Excluding education, payrolls -25.2K.
- Average weekly earnings -1.1% MOM, but +3.8% YOY (prior +3.9%).
- Average weekly hours little changed MOM and +1.2% YOY, prior +0.6%.
- Job vacancies little changed, current vacancies 637K after 653K in Nov. Retail vacancies fall to lowest since before pandemic.
- Wages remain elevated amid BOC comments those gains are at odds with weak productivity and its bid to restore price stability.
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