USD/CAD Plummets On Canadian Jobs Report
Dean Popplewell | Aug 10, 2018 09:31
Canadian jobs market is on fire
By the numbers:
- Canada July Net Jobs +54,100 From June
- Canada July Net Jobs Forecast At +17,000
- Canada July Full-Time Jobs -28,000; Part-Time +82,000
- Canada July Jobless Rate 5.8%; June 6.0%
- Canada July Jobless Rate Forecast At 5.9%
- Canada July Avg Hourly Wages +3.2% From Year Ago
- Canada Labor Force +19,100 In July From June
- Canada July Participation Rate At 65.4% Vs 65.5% In June
Job creation flew by market expectations in July as large gains in part-time and public sector positions helped push down the unemployment rate by two-tenths.
Canada added a net 54,100 jobs in July on a seasonally adjusted basis. The market was looking for a net gain of 17,000K.
Canada’s new jobless rate fell to 5.8% in July, down from 6% in June. The market was looking for an unemployment rate of 5.9%.
The loonie is off from its intraday low of C$1.3122 and currently trading C$1.3062 immediately after the release.
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