Story thread · 3 reports / 1 sources

Canada Employment change for August -41,7K vs 15.0K estimate

investinglive.com · 10dShare

Prior month employment change: 75.1K Details for the month of August: Employment change:-41.7K vs +15.0K expected; prior +75.1K Unemployment rate:6.4% vs 6.4% expected; prior 6.4% Full-time employment change:-35.9K vs prior +38.6K Part-time employment change:-5.8K vs prior +36.6K Participation rate:65.0% vs prior 65.1% Average hourly wages for permanent employees:+2.0% YoY vs +3.0% expected; prior +3.0% The Canada employment report for August was weaker than expected. Employment fell by 41.7K, well below the expected gain of 15.0K, with losses in both full-time and part-time positions. Full-time employment declined by 35.9K, while part-time employment fell by 5.8K. Despite the decline in employment, the unemployment rate remained unchanged at 6.4%, matching expectations. That was partly explained by the participation rate slipping to 65.0% from 65.1%, meaning fewer people were actively participating in the labor force. Wage growth also cooled sharply. Average hourly wages for permanent

First report: Preview: August non-farm payrolls by the numbers — investinglive.com, 11d