{"id":433510,"date":"2026-07-10T19:47:43","date_gmt":"2026-07-10T12:47:43","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-june-employment-report-shows-18-2k-jobs-vs-10k-expected-433510\/"},"modified":"2026-07-10T19:47:43","modified_gmt":"2026-07-10T12:47:43","slug":"canada-june-employment-report-shows-18-2k-jobs-vs-10k-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-june-employment-report-shows-18-2k-jobs-vs-10k-expected-433510\/","title":{"rendered":"Canada June employment report shows +18.2K jobs vs +10K expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-employment-change-878-k-vs-100-estimate-the-unemployment-rate-falls-to-66-20260605\/\" rel=\"follow\">Prior <\/a>was +87.8K<\/li>\n<\/ul>\n<p>Details:<\/p>\n<ul>\n<li>Full time +0.6K vs +154K prior<\/li>\n<li>Part time +17.5K vs -66.2K prior<\/li>\n<li>Unemployemnt rate +6.5% vs 6.6% prior<\/li>\n<li>Avg hourly earnings +3.7% vs +3.2% prior<\/li>\n<li>Participation rate 65.0% vs 65.0% prior<\/li>\n<li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Public sector -31.0K, private sector +32.0K<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Manufacturing -17.0K, accommodation and food services +15.0K<\/li>\n<\/ul>\n<p>This is a very good report considering the blockbuster reading a month ago. The unemployment rate has fallen 0.4 percentage points in two months and the\u00a0job-finding rate (24.3%) is meaningfully better than a year ago (21.3%), Wages picked up as well, which might pull the BOC back into the hawkish camp. Market pricing is for a 50% chance of a hike in December.<\/p>\n<p>Taking a wider view, the employment rate among core age workers is picking up towards the best levels since 2024 as Trump and trade war fears ebb.<\/p>\n<p>The Bank currently has its policy rate at 2.25%, with its next decision due July 15.<\/p>\n<\/p>\n<p>The bad news in the report is\u00a0manufacturing. Factory employment fell 17K, wiping out May&#8217;s gain, and StatsCan helpfully notes the sector has now lost a net 61K jobs (-3.2%) since the January 2025 peak, &#8220;coinciding with a period of tariff-related uncertainty.&#8221;<\/p>\n<p>Another bit of good news is that government payrolls fell 31K in June, and over the past 12 months essentially all employment growth (+94K of +99K) has come from the private sector.<\/p>\n<p>USD\/CAD has declined modestly in the aftermath of the report and is down 22 pips to 1.4146 on the day.<\/p>\n<p>                            This article was written by flc97fe4880a4b454993821fe0b770a597 at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was +87.8K Details: Full time +0.6K vs +154K prior Part time +17.5K vs -66.2K prior Unemployemnt rate +6.5% vs 6.6% prior Avg hourly earnings +3.7% vs +3.2% prior Participation rate 65.0%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433510","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433510"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433510\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}