Canada March employment data now out 6 April
- unemployment rate 5.8% as exp/prev
- part time change -35.9k vs 54.7k prev
- full time change 68.3k vs -39.3k
- participation rate 65.5 as before
US NFPs missed badly and combined with this reading we have USDCAD tumbling to 1.2735. Support/demand into 1.2700. Offers/res now 1.2780-00. Large options now out of play but we never say never. US wage data should lend support.
Participation rate unchanged but a welcome rise in fulltime employment.
Says the Stats Cad Bureau:
- In March, among the core-aged population (25 to 54 years old), employment increased for women and decreased for men. At the same time, employment was up for youth aged 15 to 24, and was little changed for people 55 years and older.
- Employment was up in Quebec and Saskatchewan, while there was little change in the other provinces.
- There were more people working in construction, public administration and agriculture.
- The number of public sector employees edged up, while the number of private sector employees and self-employed held steady.
Full report here
