Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canadian employment rose 81,000 in August with part-time jobs accounting for most of the increase, while the unemployment was steady at 5.7% and wages continued to rise at a healthy clip. Key Quotes “Impressive job gains are nothing new””average employment growth over the last year is running at its strongest pace since 2003. August’s gain was skewed toward part-time (and younger workers) but trends in full-time and private employment have been healthy.” “Job gains have been aided by strong population growth and labour force participation, with the unemployment rate settling in a 5.5-5.8% range (as good as it gets when you look at the past 50 years).” “Wage growth, long the missing ingredient in Canada’s strengthening labour market, has firmed nicely. The LFS measure has been close to 4% in Q3, while a broader array of wage indicators was around 3% in Q2 (about consistent with full employment and 2% inflation).” “Overall, today’s jobs numbers will leave the BoC comfortable with its more neutral than expected stance taken this week. Markets seem to agree, with the Canadian dollar strengthening further this morning.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Wall Street opens little changed after August labour market data FX Street 4 years Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canadian employment rose 81,000 in August with part-time jobs accounting for most of the increase, while the unemployment was steady at 5.7% and wages continued to rise at a healthy clip. Key Quotes "Impressive job gains are nothing new"”average employment growth over the last year is running at its strongest pace since 2003. August's gain was skewed toward part-time (and younger workers) but trends in full-time and private employment have been healthy." "Job gains have been aided by strong population growth and labour force participation, with the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
