January 2018 Canadian employment report 9 February 2018
- Prior 78.6k
- Unemployment rate 5.9% vs 5.8% exp. Prior 5.7%
- Full-time change 49.0k vs 23.7k prior. Revised to 2.7k
- Part-time change -137.0k vs 54.9k prior. Revised to -5.1k
- Participation rate 65.5% vs 65.8% prior
- Average hourly wages for full-time workers 3.3% vs 2.9% prior y/y
That’s confirmed my musings that there’s been a lot of seasonal factors at play over the holiday period as that’s a huge drop and also in the part-time component. What is positive is that the full-timers rose again, and that’s the best news from the report (althought the revisions to last month take some shine off). Also the wages number looks strong.
USDCAD bolted to 1.2685 but is trading back at 1.2645 now.
Ryan Littlestone
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- EUR pairs in focus in today’s Forex options expiries 22 October 2018 - October 22, 2018
- Canada CPI September 2018 2.2% vs 2.7% exp y/y - October 19, 2018
- Forex update – Waiting for some questions to be answered? - October 19, 2018