Free Trial

MNI PREVIEW: April Labor Force Survey...>

CANADA DATA
CANADA DATA: MNI PREVIEW: April Labor Force Survey - Friday 8:30 EDT
-----------------------------------------------------------
- MNI Median -4M jobs in April vs. prior -1M; MNI Median 16.6% unemployment
rate, prior 7.8%.
- Job loss and unemployment rate would be highest in records back to 1960.
- Also important to look for measures capturing workers in limbo amid health
shutdowns, like hours worked, wages, participation rate
- StatsCan also expected to provide figures showing how many people had hours
cut at least 50% or had no paid work in April. StatsCan said 3.1m jobs were
curtailed by pandemic in March
- Some provinces started reopening in May, suggesting potential for lower job
losses in the following months. 

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.