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July Payrolls Flat But YOY Earnings Quicken To 4.3%

CANADA DATA
  • July Payroll Employment +4,900 mirroring flat reading from July's Labour Force Survey. (August LFS showed +39,900 jobs)
  • Average weekly earnings +4.3% YOY in July vs +3.7% in June
  • Average weekly hours -0.3% YOY, 0% MOM.
  • Vacancies continue downward trend, -5.8% in July and -28% from year before.

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