Canada Seen Adding Modest May Jobs as Unemployment Edges Down to 6.89%
Updated
Updated · continuumeconomics.com · Jun 4
Canada Seen Adding Modest May Jobs as Unemployment Edges Down to 6.89%
1 articles · Updated · continuumeconomics.com · Jun 4
Summary
6.89% unemployment is the key May call for Canada, with analysts expecting only modest job growth when data is released June 5.
5,000-job gains in construction, the public sector and natural resources are expected to drive the increase, while most other sectors look flat to negative.
Full-time work is forecast to account for all job growth after three straight months of declines, with the labor force seen unchanged and participation holding at 65.0%.
4.7% annual wage growth for permanent employees would signal limited easing from 4.8%, reinforcing a subdued labor market consistent with only modest Q2 GDP growth.