Canada Labour Force Survey: July 2016

on , from gc.ca

After three months of little change, employment declined by 31,000 (-0.2%) in July. The unemployment rate increased 0.1 percentage point to 6.9%. Full-time employment fell by 71,000 from June to July, while part-time work was up by 40,000. Compared with 12 months earlier, total employment increased by 71,000 or 0.4%, with all of the growth in part-time work. Over the same period, the total number of hours worked rose by 0.4%. Chart 1 Chart 1: Employment Employment Chart 1: Employment In July, employment decreased among youths aged 15 to 24, while it was little changed for the other demographic groups. ... (Read the full story)

The US Employment Situation - July 2016

on , from bls.gov

Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down. Household Survey Data The unemployment rate held at 4.9 percent in July, and the number of unemployed persons was essentially unchanged at 7.8 million. Both measures have shown little movement, on net, since August of last year. (See table A-1.) Among the major worker groups, unemployment rates in July were little ... (Read the full story)

US International Trade in Goods and Services: June 2016

on , from bea.gov

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $44.5 billion in May, up $3.6 billion from $41.0 billion in May, revised. June exports were $183.2 billion, $0.6 billion more than May exports. June imports were $227.7 billion, $4.2 billion more than May imports. The June increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $66.0 billion and an increase in the services surplus of $0.3 billion to $21.5 billion. Year-to-date, the goods and services deficit decreased ... (Read the full story)

US NFP Preview: From Horrendous to Stupendous – What’s Next?

on , from forex.com

The past two Non-Farm Payrolls (NFP) employment reports both showed exceedingly large deviations from prior consensus forecasts – but in opposite directions. May’s data, released in early June, showed a colossally disappointing 38,000 jobs added in May against prior expectations of 160,000. This was later revised even further down to a minuscule 11,000 jobs added. In sharp contrast, June’s numbers, released early last month, revealed an exceptionally positive 287,000 additional jobs versus prior expectations of 175,000. Combined with concerns over the then-upcoming Brexit vote, May’s horrendous employment data helped preclude a Fed rate ... (Read the full story)

China money, market spur Canadian blueberry deluge

on , from reuters.com

An aging mansion sits vacant on an estate outside Vancouver, the garage overtaken by a blueberry sorter and a walk-in cooler packed with the fruit. The owner, an investor from mainland China, leases the estate to Fred Liu at such a bargain the farmer grows blueberries in its fields even though the bottom has fallen out of the market. As it turns out, the same wave of Chinese wealth that has fueled real estate booms in cities like New York, Sydney and San Francisco and stoked the art market worldwide also has contributed to an unexpected glut of blueberries. Chinese investors riding a hot property market along the Pacific Coast ... (Read the full story)