Key Insights from Canada's March Employment Report

Friday, 5 April 2024, 12:30

The Canada March employment report revealed a surprising loss of 2.2K jobs, contrary to the expected gain of 25K. Key details include changes in the unemployment rate, full-time and part-time employment figures, average hourly wages, and participation rate. The report paints a mixed picture of the Canadian labor market with implications for the economy moving forward.
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Key Insights from Canada's March Employment Report

Details:

  • Prior: +40.7K
  • Unemployment Rate: 5.9% estimate
  • Prior Unemployment Rate: 5.8%
  • Full-time Employment: +70.6K last month
  • Part-time Employment: -29.9K last month
  • Average Hourly Wages: 4.90% last month
  • Participation Rate: 65.3% last month

USD/CAD was trading at 1.3557 ahead of the data.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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