Payroll Employment

The indicator shows the number of jobs created and lost during a certain period. The index tracks the dynamics of employment in the labor market, demonstrating either its expansion (increase in labor demand and the creation of new jobs) or restriction (job cuts). Increasing employment is usually accompanied by a large consumption and expenditure of the population. At the same time, high levels of employment, expenditures and consumption can lead to increased inflationary pressures that may affect the monetary policy of the banks. If the Bank of Canada raises the interest rates, the Canadian dollar will rise.

• Release Frequency: monthly.
• Release Schedule: 07:00 EST, the first week of the month following the reporting period.
• Source: Statistics Canada.