Canada November employment change +50.5K vs +25.0K expected- Prior month +14.5K
- Unemployment rate 6.8% vs 6.6% expected (prior 6.5%)
- Full-time employment +54.2K vs +25.6K prior
- Part-time employment -3.6K vs -11.2K prior
- Participation rate 65.1% vs 64.8% prior
- Average hourly wages y/y 4.1% vs 4.9% prior
- Private sector employment +6.3K vs +20.5K prior
- Public sector employment +45K vs -17.2K prior
Ahead of the data, the market was pricing in a 56%
chance of 50 bps cut from the Bank of Canada. The probabilities jumped to 68% for a 50 bps cut after the release.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Source: Canada November employment change +50.5K vs +25.0K expected (https://www.forexlive.com/news/canada-november-employment-change-505k-vs-250k-expected-20241206/)
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