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ADP Canada National Employment Report

ADP Canada National Employment Report - MarketPulseMarketPulse

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Employment in Canada increased by 30,400 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.

“June experienced higher acceleration in job growth following a sharp decline in May,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Construction delivered the biggest contribution to the increase, along with professional/business services which reflects the increasing demand for high skilled workers.”

The May total of jobs added was revised down from -16,000 to -36,700.

The July 2019 ADP Canada National Employment Report will be released at 8:30a.m.ET on August 15, 2019.

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

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

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