CANADA DATA: Canada Jobs Beats Expectations With Largest Gain Since Jan 2023
May-10 12:30
- Canada employment +90.4K in April, beating expectations for +15K MOM.
- The unemployment rate remained at +6.1% as the labour force +108K from March, the largest increase since Jan 2023.
- The private sector led the employment gains with jobs +50K MOM. Private sector job growth still lags the public sector with +1.4% YOY vs +4.9% in government.
- Total hours worked +0.8% MOM and +1.2% YOY.
- Average hourly wages +4.7% following +5.1% in March, the April figure is the slowest since June 2023.
- Labour force participation rose +0.1 pp, the first increase since June 2023.
- The employment rate held steady at +61.4% after six consecutive declines.
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MNI: US MAR CPI UNROUNDED M/M 0.378%, CORE 0.359%
Apr-10 12:30
- MNI: US MAR CPI UNROUNDED M/M 0.378%, CORE 0.359%
MNI: US MAR CPI 0.4%, CORE 0.4%; CPI Y/Y 3.5%, CORE Y/Y 3.8%
Apr-10 12:30
- MNI: US MAR CPI 0.4%, CORE 0.4%; CPI Y/Y 3.5%, CORE Y/Y 3.8%
- US MAR ENERGY PRICES 1.1%
- US MAR OWNERS' EQUIVALENT RENT PRICES 0.4%
MNI: CANADIAN FEB BUILDING PERMITS +9.3% MOM
Apr-10 12:30
- MNI: CANADIAN FEB BUILDING PERMITS +9.3% MOM
- CANADA RESIDENTIAL BUILDING PERMITS +7.4%; NON-RESIDENTIAL +12.3%
