Canada May Employment change -7.5K vs 17.5K expected

Canada May 2018 employment data on 08.06.2018

• prior -1.1K
• Unemployment rate 5.8% vs 5.8 exp, prior 5.8%
• Full time employment change -31K vs 28.8K prior
• Part time employment change 23.6K vs -30K prior
• Participation rate 65.3 % vs 65.4% exp, prior 65.4%
• Hourly Earnings Y/Y: 3.9% vs 3.2%exp

Quite a miss and a negative rotation on the part-full time jobs this time not helping. Cad should be on the defensive with such a number.
I’m temporary out on CAD positions.

One bright spot though is on the earnings which I just picked up

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here

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