{"id":256356,"date":"2025-07-11T14:11:09","date_gmt":"2025-07-11T14:11:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/256356\/"},"modified":"2025-07-11T14:11:09","modified_gmt":"2025-07-11T14:11:09","slug":"canada-may-employment-change-83-1k-vs-0-0k-expected","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/256356\/","title":{"rendered":"Canada May employment change +83.1K vs 0.0K expected"},"content":{"rendered":"<ul data-v-7f05d5e4=\"\">\n<li data-v-7f05d5e4=\"\">Prior +8.8K<\/li>\n<li data-v-7f05d5e4=\"\">Unemployment rate 6.9% vs 7.1% expected<\/li>\n<li data-v-7f05d5e4=\"\">Prior 7.0%<\/li>\n<li data-v-7f05d5e4=\"\">Full-time employment +13.5k vs +57.7k prior<\/li>\n<li data-v-7f05d5e4=\"\">Part-time employment +69.5k vs -48.8k prior<\/li>\n<li data-v-7f05d5e4=\"\">Participation rate 65.4% vs 65.3% prior<\/li>\n<li data-v-7f05d5e4=\"\">Average hourly wages +3.2% vs +3.5% prior<\/li>\n<\/ul>\n<p data-v-7f05d5e4=\"\">The unemployment rate tells the story in Canada as it&#8217;s risen steadily from 4.8% in July 2022. Excluding the pandemic, it was at the highest since 2016 but ticked lower in this report despite the rising participation rate.<\/p>\n<p>Canada unemployment rate<\/p>\n<p data-v-7f05d5e4=\"\">USD\/CAD was trading at 1.3689 ahead of this report and has taken the news of Trump&#8217;s tariffs with minimal disturbance, clearly betting that it&#8217;s a bluff. On these headlines, USD\/CAD fell to 1.3673 and has now continued to 1.3652 to erase the Trump tariff move.<\/p>\n<p data-v-7f05d5e4=\"\">As for the Bank of Canada, this is going to move them more-firmly to the sidelines. The market is now pricing in just 23 bps in easing this year.<\/p>\n<p data-v-7f05d5e4=\"\">Note that Canadian jobs data is fairly volatile so it&#8217;s tough to draw the conclusion that the economy is actually improving. But jobs gains were broad regionally and led by wholesale\/retail trade up 34K and healthcare up 17K. Demographically, core-aged men were up 62K.<\/p>\n<p>  Later this year,<br \/>\n  <a href=\"https:\/\/www.forexlive.com\/\" target=\"_blank\" data-v-5e3b6b10=\"\" rel=\"noopener\"><b data-v-5e3b6b10=\"\">ForexLive.com<\/b><\/a><br \/>\n  is evolving into<br \/>\n  <a href=\"https:\/\/investinglive.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-v-5e3b6b10=\"\"><b data-v-5e3b6b10=\"\">investingLive.com<\/b><\/a>, a new destination for intelligent market updates and smarter<br \/>\n  decision-making for investors and traders alike.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior +8.8K Unemployment rate 6.9% vs 7.1% expected Prior 7.0% Full-time employment +13.5k vs +57.7k prior Part-time employment&hellip;\n","protected":false},"author":2,"featured_media":256357,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-256356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114835009272200291","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/256356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=256356"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/256356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/256357"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=256356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=256356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=256356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}