Canadian Jobs Preview: Forecasts from four major banks, a trend reversal would not be surprising Canada Employment USDCAD Macroeconomics Banks
here are forecasts from economists and researchers at four major banks regarding the upcoming jobs figures.
The North American economy is estimated to have created 15K in February as against the whopping 150K in January, with the“We look for employment to fall by 10K after rising +150K last month, pushing the UE rate to 5.1% but note this will do little to cool an overheated labour market. We are also looking for wage growth to firm to 5.2% YoY.”“We expect employment to have fallen 25K in the second month of 2023. Such a decline would translate into a one-tick increase in the unemployment rate to 5.
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