Canadian Jobs Preview: Forecasts from four major banks, employment may suffer a bit of retreat 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 expected to have added 12K jobs after creating 21.8K positions in February. The unemployment rate is expected to rise a tick to 5.1% while the Participation Rate is expected to have remained stable at 65.7%.“We look for employment to fall by 12K, unwinding a small portion of recent strength, with UE rising 0.2pp to 5.2% as wage growth firms to 5.5% YoY.
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