Once again, Canada's wheel of employment treated Bay Street estimates like satire. And this time, the Labour Force Survey surprise was on the downside.
Here was the damage:
- Estimated job change: -40,800 (est. +13,500 | prior 83,100)
- Unemployment rate: 6.9% (est. 7.0% | prior 6.9%)
- Average hourly wages: +3.3% (prior 3.2%)
Bay Street buzz:
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