Canada Employment Preview: Forecasts from five major banks, tight labour market

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Canada Employment Preview: Forecasts from five major banks, tight labour market Canada Employment USDCAD Macroeconomics Banks

re forecasts from economists and researchers at five major banks regarding the upcoming jobs figures.

The North American economy is expected to have added 23.2K jobs after creating 41.4K positions in April. The unemployment rate is expected to rise a tick to 5.1%. If so, it would be the first increase in the unemployment rate since August 2022. Meanwhile, the Participation Rate is expected to have remained stable at 65.6%.We look for job growth to slow to 25K in May for a deceleration from the recent trend of 57K, keeping the unemployment rate stable at 5.0%.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Houston-based Academy Sports and Outdoors sees 37 percent drop in Q1 earningsAcademy Sports and Outdoors have a 'disappointing' first quarter and forecasts a better...
Source: HoustonChron - 🏆 609. / 51 Read more »