Free Trial

July unemployment rate rose to 5.7% vs..>

CANADA DATA
CANADA DATA: July unemployment rate rose to 5.7% vs 5.5% median
----------------------------------------------------------------
- Economists called for no change in unemployment from June's 5.5%
- Employment -24.2K vs +10K median on fall in services
- First 2-month consecutive job decline in almost 5 years 
- Employment in goods sector +2.1K vs -26.3K in services
- Wholesales and retail saw the biggest drop, confirming weakness 
shown by most recent sales data 
- Avg hourly wages +4.5% y/y to C$27.81
- Fastest year-over-year wage gain since January 2009
- Another report showed building permits -3.7% m/m in June
- Residential permits -3.1% m/m
- Non-residential permits -4.6% m/m

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.