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Canada: Unemployment rate declined 0.2% points to 6.5%, lowest rate since October 2008

Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008, reported the Statistics Canada on Friday.

Key quotes:

  • The decrease was mostly the result of fewer youth searching for work
  • Compared with 12 months earlier, there were 276,000 (+1.5%) more people employed and the unemployment rate was 0.6 percentage points lower. Over the same period, the total number of hours worked rose 1.1%.
  • Employment in business, building and other support services fell by 19,000 in April
  • Public sector employment increased by 35,000 in April, largely in health care and social assistance and educational services

US: Total nonfarm payroll employment increased by 211,000 in April

Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor
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US Dollar holds on near 98.60 on Non-farm Payrolls

The US Dollar Index (DXY) – which tracks the buck vs. its main rivals – has managed to bounce off fresh 2017 lows at 98.55 following US Payrolls. US
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