Canadian ADP National Employment Falls
Dean Popplewell | Jul 19, 2018 10:00
Employment in Canada decreased by 10,500 jobs from May to June, according to the June ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual ADP payroll data, measures the change in total non-farm payroll employment each month on a seasonally-adjusted basis.
Industry Snapshot:
– Goods Producing:
Manufacturing 1,800
Construction -5,600
Natural Resources and Mining 1,300
– Service Providing:
Trade/Transportation and Utilities -7,900
Information -2,400
Finance/Real Estate -4,300
Professional/Business Services 3,200
– Professional/Technical 2,400
– Management of Companies -800
– Administrative and Support 1,600
– Education & Health Care 1,600
– Educational Services 3,900
– Health Care -2,300
Leisure and Hospitality 2,300
Other Services -500
“We saw a significant dip in job growth in Canada for the month of June,” said Ahu Yildirmaz, vice-president and co-head of the ADP Research Institute. “This decline likely reflects the impact of regulations on mortgage financing and a slowdown in consumer spending.”
The May total of jobs added was revised up from 2,900 to 27,800.
The July 2018 ADP Canada National Employment Report will be released on Aug. 16, 2018.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Get The App
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.