Canadian April employment data:
- Prior was +40.6K
- Full time -2.4K
- Prior full time +35.3K
- Part time employment +0.4K
- Prior part time +5.3K
- Unemployment rate 7.1% vs 7.2% exp
- Prior unemployment 7.1%
- Participation rate 65.8%
- Prior participation rate 65.9%
The April report follows an extremely strong reading in March. Given that and all the bearishness about the Canadian economy, this was a pretty good report. The Canadian dollar is higher but it's impossible to get a clear reading because of all the non-farm payrolls gyrations.
