Canadian Non-Farm Payroll Employment Shows Significant Increase In June, After Revised Drop of 2,951,400 Jobs in May

As many businesses have begun to reopen and Canadians have been returning to work following the easing of restrictions, the labour market has been experiencing a growth in employment across various sectors.

According to the ADP Research Institute, which analyzes monthly non-farm payroll data on a seasonally-adjusted basis, employment numbers increased by 1,042,900 from May to June, suggesting that a labour market recovery may be underway. Some of the largest gains were recorded in the trade, transport, and utilities sector, followed by professional and business services and then construction. However, the manufacturing sector posted significant declines.

Most notable however, was the revision of the total new jobs recorded in May, which originally were thought to be at 208,400, when in fact there was a decline of 2,951,400.

Information for this briefing was found via ADP Research Institute. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Federal Government’s Deficit Balloons to Record $120.4 Billion As Income Support Programs Surpass Budget

It appears that Canadians are in for a challenging road ahead, as the country’s budget...

Thursday, September 10, 2020, 04:32:12 PM

Canada Labour Market Surpasses Expectations as Unemployment Rate Falls to 9%

Canada’s labour market appears to be carrying over summer job gains well into September, surpassing...

Friday, October 9, 2020, 12:59:00 PM

US Retail Sales Disappoint With 0.3% Growth As Household Incomes Continue to Decline

As new coronavirus infections continue to spiral out of control across the US, it appears...

Tuesday, November 17, 2020, 02:17:00 PM

Canada’s Trade Surplus Widens to $1.94B in August as Energy Exports Surge

Canada’s trade balance remained in a surplus position for the third consecutive month, widening from...

Wednesday, October 6, 2021, 04:35:00 PM

US Jobs Report Revises Down Prior Estimates By 149,000

Employment is on the rise in the US, with the latest report by the US...

Friday, May 5, 2023, 09:35:09 AM