Free Trial

Oct Payroll Employment +1.2%, 6.1% Below Pre-Pandemic

CANADA DATA
(MNI) OTTAWA
  • Payroll employment +2.1M from June-Sept, still down 1.0M from before pandemic
  • The benchmark Labour Force Survey shows employment through Nov still down 3.3% or 636k
  • Payroll survey "excludes the self-employed, owners and partners of unincorporated businesses and professional practices, and employees in the agricultural sector."
  • Payroll hours worked +0.3% in Oct vs Sept +2.0%; now 5.4% below pre-pandemic from gap of 16.6% in May
  • Job gains likely to slow as provinces tightened health restrictions towards end of year
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@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.