- Unemployment rate: 6.5% vs 6.8% in Sept
- Net change in employment: 43.1K vs +74.1K last month. Revised from 74.1K
- Full time employment: 26.5K vs. 69.3K last month.
- Part time employment: 16.5K vs 4.8K last month.
- Participation Rate: 66.0 vs. 66.0 last month
The data is much stronger than expectations. The jobless rate is the lowest in 6 years. The job hires were led by retailers and financial companies. The Participation rate remains at the lowest level since November 2001.
Retail employment rose by 38.5K.
Financial rose by 35.7K
Manufacturing added 33.2K.
The USDCAD is down sharply and looks toward the 200 hour MA target at the 1.1300 area.
Canada Employment Trends
