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‘Significant dip’ in Canada’s job growth in June: ADP

July 19, 2018

Employment in Canada fell by 10,500 jobs in June from May, according to the ADP Canada National Employment Report. However, the total number of jobs added in May in the previous report was revised upward to 27,800 from 2,900.

“We saw a significant dip in job growth in Canada for the month of June,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “This decline likely reflects the impact of regulations on mortgage financing and a slowdown in consumer spending.”

In the goods-producing sector, construction jobs fell by 5,600 even as manufacturing jobs increased by 1,800 and natural resources and mining jobs increased by 1,300.

Trade/transportation and utilities jobs led losses in the service-providing sector — the number of those jobs fell by 7,900 — followed by finance and real estate, down by 4,300, and information, down by 2,400.

On the bright side, educational services jobs rose by 3,900, followed by gains of 3,200 in the professional/business services segment.

The ADP Research Institute produces the report in close collaboration with Moody’s Analytics Inc. Derived from actual ADP payroll data, the report measures the change in total nonfarm payroll employment each month on a seasonally adjusted basis.