Canada: ADP National Employment Falls

Employment in Canada decreased by 10,500 jobs from May to June according to the June ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual ADP payroll data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.

Industry Snapshot:

– Goods Producing:

Manufacturing 1,800
Construction -5,600
Natural Resources and Mining 1,300

– Service Providing:

Trade/Transportation and Utilities -7,900
Information -2,400
Finance/Real Estate -4,300
Professional/Business Services 3,200
– Professional/Technical 2,400
– Management of Companies -800
– Administrative and Support 1,600
Education & Health Care 1,600
– Educational Services 3,900
– Health Care -2,300
Leisure and Hospitality 2,300
Other Services2 -500

“We saw a significant dip in job growth in Canada for the month of June,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “This decline likely reflects the impact of regulations on mortgage financing and a slowdown in consumer spending.”

The May total of jobs added was revised up from 2,900 to 27,800.

The July 2018 ADP Canada National Employment Report will be released at 8:30a.m.ET on August 16, 2018.

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell