Canada November employment change 10.1K vs 5.0K estimate

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Canada November employment change 10.1K vs 5.0K estimate

<ul><li><a href="https://www.forexlive.com/news/canada-october-employment-change-1083k-vs-100k-20221104/" target="_blank" rel="follow">Prior report</a> 108.3K</li><li>employment change 10.1K vs 5.0K estimate</li><li>unemployment rate 5.1% versus 5.3% expected. Prior month 5.2%</li><li>full-time employment 50.7K versus 119.3 K last month</li><li>part-time employment -40.6K versus -11K last month</li><li>participation rate 64.8% versus 64.9% last month</li><li>average hourly wages 5.4% versus 5.5% last month</li><li>Since November 2021, when full-time employment first surpassed its pre-COVID-19 pandemic level, full-time work has grown by 460,000 (+2.9%), concentrated among core-aged men (+212,000; +3.5%) and women (+169,000; +3.4%).</li><li>part-time employment was little changed for a sixth consecutive month in November and down by 91,000 (-2.5%) on a year-over-year basis. Declines in part-time work since November 2021 were primarily seen among core-aged men (-48,000;-11.8%) and young men (-25,000;-4.4%).</li></ul><p>The USDCAD was trading at 1.3432 just before release. The current price is trading at 1.3506 largely held by the stronger-than-expected US jobs report which saw an increase of 263K versus 200K estimate.</p><p>The price of the USDCAD has pushed above its 100 hour moving average at 1.3474. And above a swing area between 1.3494 and 1.35103. The current price trades between that swing area at 1.3503.</p>

                This article was written by Greg Michalowski at forexlive.com.

Source: Canada November employment change 10.1K vs 5.0K estimate

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