Free Trial

Aug Labor Force Survey Preview-- Fri 8:30 EST

CANADA DATA
MNI (Ottawa)
  • MNI Median +250K jobs vs. prior surprise of +419K.
  • MNI Median 10.1% unemployment rate, priors were 10.9% and May record 13.7%.
  • Investors should track hours worked as barometer of recovery, as employment showed increases during the past three months but people with a job, faced reduced hours.
  • Ontario's employment gain in August expected to contribute the most to the August LFS report, as it entered to the third stage of reopening.
  • Even with the expected gain, employment still way down from the pre-COVID period, and July gains mostly part-time jobs.
  • Tourism and entertainment are still under pressure, and 2Q expected to show a slower rebound.
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.