Canadian ADP National Employment Falls


Employment in Canada decreased by 10,500 jobs from May to June, according to the June ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual ADP payroll data, measures the change in total non-farm payroll employment each month on a seasonally-adjusted basis.

Industry Snapshot:

– Goods Producing:

Manufacturing 1,800
Construction -5,600
Natural Resources and Mining 1,300

– Service Providing:

Trade/Transportation and Utilities -7,900
Information -2,400
Finance/Real Estate -4,300
Professional/Business Services 3,200
– Professional/Technical 2,400
– Management of Companies -800
– Administrative and Support 1,600
– Education & Health Care 1,600
– Educational Services 3,900
– Health Care -2,300
Leisure and Hospitality 2,300
Other Services -500

“We saw a significant dip in job growth in Canada for the month of June,” said Ahu Yildirmaz, vice-president and co-head of the ADP Research Institute. “This decline likely reflects the impact of regulations on mortgage financing and a slowdown in consumer spending.”

The May total of jobs added was revised up from 2,900 to 27,800.

The July 2018 ADP Canada National Employment Report will be released on Aug. 16, 2018.

USD/CAD for July 18-20, 2018.

USD/CAD for July 18-20, 2018.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.



Source link



Leave a Reply

error: Content is protected !!