{"id":437543,"date":"2026-09-04T19:30:14","date_gmt":"2026-09-04T12:30:14","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-employment-change-for-august-417k-vs-15-0k-estimate-437543\/"},"modified":"2026-09-04T19:30:14","modified_gmt":"2026-09-04T12:30:14","slug":"canada-employment-change-for-august-417k-vs-15-0k-estimate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-employment-change-for-august-417k-vs-15-0k-estimate-437543\/","title":{"rendered":"Canada Employment change for August -41,7K vs 15.0K estimate"},"content":{"rendered":"<div>\n<ul>\n<li>Prior month employment change: 75.1K<\/li>\n<\/ul>\n<p>Details for the month of August:\u00a0<\/p>\n<ul>\n<li>Employment change:-41.7K vs +15.0K expected; prior +75.1K<\/li>\n<li>Unemployment rate:6.4% vs 6.4% expected; prior 6.4%<\/li>\n<li>Full-time employment change:-35.9K vs prior +38.6K<\/li>\n<li>Part-time employment change:-5.8K vs prior +36.6K<\/li>\n<li>Participation rate:65.0% vs prior 65.1%<\/li>\n<li>Average hourly wages for permanent employees:+2.0% YoY vs +3.0% expected; prior +3.0%<\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">The Canada employment report for August was weaker than expected. Employment fell by 41.7K, well below the expected gain of 15.0K, with losses in both full-time and part-time positions. Full-time employment declined by 35.9K, while part-time employment fell by 5.8K.<\/p>\n<p>Despite the decline in employment, the unemployment rate remained unchanged at 6.4%, matching expectations. That was partly explained by the participation rate slipping to 65.0% from 65.1%, meaning fewer people were actively participating in the labor force.<\/p>\n<p>Wage growth also cooled sharply. Average hourly wages for permanent employees increased by just 2.0% from a year earlier, down from 3.0% in the prior month and below the 3.0% estimate. Overall, the report points to a softer Canadian labor market, with falling employment, weaker labor-force participation and easing wage pressures. That combination should reduce pressure on the Bank of Canada to tighten policy further and is a negative input for the Canadian dollar.\u00a0 With the US jobs report showing more strength the USDCAD is moving higher. .<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior month employment change: 75.1K Details for the month of August:\u00a0 Employment change:-41.7K vs +15.0K expected; prior +75.1K Unemployment rate:6.4% vs 6.4% expected; prior 6.4% Full-time employment change:-35.9K vs prior +38.6K Part-time&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-437543","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437543","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=437543"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437543\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}