Nathan Janzen, senior economist at the Royal Bank of Canada, notes that the Canadian headline employment was up 107k in April, marking its largest increase in more than 40 years. Key Quotes “The unemployment rate fell to 5.7% from 5.8% despite an uptick in the labour force participation rate.” “The employment count is up 426k from a year ago, for a whopping average monthly increase of 36k per month over that period. The typically more-stable unemployment rate dipped back close to cycle lows at 5.7% in April despite a tick up in the labour force participation rate.” “The soft spot in the labour market data remains wages, but year-over-year growth in average hourly earnings did tick up for a third straight month, rising to 2.5% in April from 2.4% in March. The recent drift higher is encouraging but the pace is still slower than would normally be expected with labour markets otherwise looking quite tight.” 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 Bitcoin headed for $400,000: Hedge fund manager Mark Yusko predicts FX Street 3 years Nathan Janzen, senior economist at the Royal Bank of Canada, notes that the Canadian headline employment was up 107k in April, marking its largest increase in more than 40 years. Key Quotes "The unemployment rate fell to 5.7% from 5.8% despite an uptick in the labour force participation rate." "The employment count is up 426k from a year ago, for a whopping average monthly increase of 36k per month over that period. The typically more-stable unemployment rate dipped back close to cycle lows at 5.7% in April despite a tick up in the labour force participation rate." "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.
