Canadian: Employment could take a breather in August

According to National Bank of Canada analysts, It would not be surprising to see the Labor Force Suvery employment take a breather in August following two strong months. The report will be released

Key Quotes:

“August’s labour force survey will also attract attention. Despite a large increase in July, total employment is only up 37K in the first seven months of the year. Indeed, the LFS paints a rather morose picture of the Canadian labour market so far in the year in comparison to the more upbeat SEPH, a survey of establishments. The latter is showing a 190K gain for paid jobs in the 6 months to June, a number that appears more in line with the strength of latest economic data.”

“It would not be surprising to see LFS employment take a breather in August following two strong months. This is in line with our expectation of slower GDP growth in the third quarter. We suspect LFS employment may have been no better than flat in August. If that scenario unfolds, the unemployment rate could rise one tick to 5.9%.”


                          Start Trading with Free $30    : CLAIM NOW $30

         

VERIFY YOUR ACCOUNT AND GET YOUR $30 INSTANTLY ,MAKE MONEY WITHDRAW !!

               IT IS POSSIBLE TO SHIFT FROM $30  TO  $1,000,000  TRY  TODAY

IF  YOU  FACE  ANY  PROBLEM  TO  GET  THIS  OFFER  PLEASE CONTACT US FOR

SUPPORT ,  CLICK  SMS  BAR  ABOVE  THEN  TALK  TO  US.