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Forex & Trading·Jun 5, 2026

Canada employment change 87.8 K vs 10.0 estimate. The unemployment rate falls to 6.6%

The employment change -17.7 K revised to xxK Employment change change 87.8K vs 10.0K estimate Unemployment rate 6.6% versus 6.9% estimate. Prior month 6.9%. Full-time employment change 154.0K versus -46.7L;ast month. Part-time employment change -66.2Kvs. 29.0 K last month average hourly wages or permanent employees 3.2% vs 4.8% last month Employment rose among employees in both the private sector (+56,000; +0.4%) and the public sector (+20,000; +0.4%) in May. The number of self-employed workers was little changed. On the surface a very strong number. The US had a stronger than expected jobs report as well. The USDCAD is trading at 1.3876 down from 1.3890 prior to the report. Details from Statistics Canada Employment increased by 88,000 (+0.4%) in May, the first significant employment gain since November 2025. The increase in May follows a net decline of 112,000 (-0.5%) over the first four months of 2026. On a year-over-year basis, employment was up by 147,000 (+0.7%) in May. The number of people working full-time rose by 154,000 (+0.9%) in May. The increase in the month offsets a downward trend observed from January to April, in which the number of full-time workers fell by 156,000 (-0.9%). In May, part-time employment decreased by 66,000 (-1.7%). The unemployment rate ticked down to 6.6%. The unemployment rate was at 6.5% in January so the price is moving back down toward that level Where were the jobs created: Looking at the components of the job creation, construction was the strongest while wholesale and retail trade was the weakest. 11 component industries saw advances in jobs while five saw declines: Construction: Employment increased by 27,000 (+1.7%), the largest gain among major industries. Despite the monthly increase, employment was little changed from a year ago. Information, Culture and Recreation: Employment rose by 19,000 (+2.3%), one of the strongest percentage gains in May. Employment was little changed compared with May 2025. Transportation and Warehousing: Employment increased by 19,000 (+1.7%). Compared with a year ago, employment was up 36,000 (+3.4%), making it one of the stronger-performing sectors over the past 12 months. Accommodation and Food Services: Employment climbed by 17,000 (+1.5%). Employment was up 34,000 (+3.0%) from a year earlier, reflecting continued strength in consumer-facing services. Manufacturing: Employment increased by 15,000 (+0.8%). Employment was little changed from a year ago but remained 44,000 (-2.3%) below January 2025 levels. The sector continues to face uncertainty related to U.S. tariff policies and broader economic concerns. Wholesale and Retail Trade: Employment fell by 35,000 (-1.2%), the largest decline among major industries. Employment has been trending lower since October 2025 and was down 64,000 (-2.1%) compared with a year ago. Key Takeaway Employment gains were broad-based across several industries, led by construction, transportation and warehousing, accommodation and food services, information, culture and recreation, and manufacturing. The primary area of weakness remained wholesale and retail trade, which continued its downward trend. Overall, the report points to a labor market that is finding support in service-oriented and transportation-related sectors, while retail employment remains under pressure. The USDCAD was trading near 1.3890 ahead of the report. It is trading modestly lower to 1.3875 off of the initial move. Overview of the Labour Survey: For background, the Labour Force Survey, published monthly by Statistics Canada, provides comprehensive data on employment, unemployment, and labour force participation across Canada. Released on the first or second Friday of each month at 8:30 a.m. ET, the report surveys approximately 56,000 households and tracks employment changes by industry, province, full-time versus part-time status, and demographic characteristics. The survey measures not only net job creation but also unemployment rates, wage growth, and labour force participation, offering insights into the health of Canada's economy. The data is closely monitored by the Bank of Canada when setting monetary policy and by economists assessing economic conditions. At the moment, there are no further cuts priced in for the Bank of Canada. Below is a summary of the recent Bank of Canada expectations: This article was written by Greg Michalowski at investinglive.com.

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Canada employment change 87.8 K vs 10.0 estimate. The unemployment rate falls to 6.6%
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The employment change -17.7 K revised to xxK Employment change change 87.8K vs 10.0K estimate Unemployment rate 6.6% versus 6.9% estimate. Prior month 6.9%. Full-time employment change 154.0K versus -46.7L;ast month. Part-time employment change -66.2Kvs. 29.0 K last month average hourly wages or permanent employees 3.2% vs 4.8% last month Employment rose among employees in both the private sector (+56,000; +0.4%) and the public sector (+20,000; +0.4%) in May. The number of self-employed workers was little changed. On the surface a very strong number. The US had a stronger than expected jobs report as well. The USDCAD is trading at 1.3876 down from 1.3890 prior to the report. Details from Statistics Canada Employment increased by 88,000 (+0.4%) in May, the first significant employment gain since November 2025. The increase in May follows a net decline of 112,000 (-0.5%) over the first four months of 2026. On a year-over-year basis, employment was up by 147,000 (+0.7%) in May. The number of people working full-time rose by 154,000 (+0.9%) in May. The increase in the month offsets a downward trend observed from January to April, in which the number of full-time workers fell by 156,000 (-0.9%). In May, part-time employment decreased by 66,000 (-1.7%). The unemployment rate ticked down to 6.6%. The unemployment rate was at 6.5% in January so the price is moving back down toward that level Where were the jobs created: Looking at the components of the job creation, construction was the strongest while wholesale and retail trade was the weakest. 11 component industries saw advances in jobs while five saw declines: Construction: Employment increased by 27,000 (+1.7%), the largest gain among major industries. Despite the monthly increase, employment was little changed from a year ago. Information, Culture and Recreation: Employment rose by 19,000 (+2.3%), one of the strongest percentage gains in May. Employment was little changed compared with May 2025. Transportation and Warehousing: Employment increased by 19,000 (+1.7%). Compared with a year ago, employment was up 36,000 (+3.4%), making it one of the stronger-performing sectors over the past 12 months. Accommodation and Food Services: Employment climbed by 17,000 (+1.5%). Employment was up 34,000 (+3.0%) from a year earlier, reflecting continued strength in consumer-facing services. Manufacturing: Employment increased by 15,000 (+0.8%). Employment was little changed from a year ago but remained 44,000 (-2.3%) below January 2025 levels. The sector continues to face uncertainty related to U.S. tariff policies and broader economic concerns. Wholesale and Retail Trade: Employment fell by 35,000 (-1.2%), the largest decline among major industries. Employment has been trending lower since October 2025 and was down 64,000 (-2.1%) compared with a year ago. Key Takeaway Employment gains were broad-based across several industries, led by construction, transportation and warehousing, accommodation and food services, information, culture and recreation, and manufacturing. The primary area of weakness remained wholesale and retail trade, which continued its downward trend. Overall, the report points to a labor market that is finding support in service-oriented and transportation-related sectors, while retail employment remains under pressure. The USDCAD was trading near 1.3890 ahead of the report. It is trading modestly lower to 1.3875 off of the initial move. Overview of the Labour Survey: For background, the Labour Force Survey, published monthly by Statistics Canada, provides comprehensive data on employment, unemployment, and labour force participation across Canada. Released on the first or second Friday of each month at 8:30 a.m. ET, the report surveys approximately 56,000 households and tracks employment changes by industry, province, full-time versus part-time status, and demographic characteristics. The survey measures not only net job creation but also unemployment rates, wage growth, and labour force participation, offering insights into the health of Canada's economy. The data is closely monitored by the Bank of Canada when setting monetary policy and by economists assessing economic conditions. At the moment, there are no further cuts priced in for the Bank of Canada. Below is a summary of the recent Bank of Canada expectations: This article was written by Greg Michalowski at investinglive.com.

  • Details from Statistics Canada Employment increased by 88,000 (+0.4%) in May, the first significant employment gain since November 2025.
  • The increase in the month offsets a downward trend observed from January to April, in which the number of full-time workers fell by 156,000 (-0.9%).
  • Information, Culture and Recreation: Employment rose by 19,000 (+2.3%), one of the strongest percentage gains in May.
  • Employment was little changed from a year ago but remained 44,000 (-2.3%) below January 2025 levels.
  • Below is a summary of the recent Bank of Canada expectations: This article was written by Greg Michalowski at investinglive.com.
6.6%6.9%3.2%4.8%+0.4%-0.5%
EUR/USD· Euro · US Dollar
$0123456789.01234567890123456789↓ 0123456789.01234567890123456789 (-0123456789.01234567890123456789%)
Last updated · 9:29:50 PM
Yahoo Finance
Open$1.16
Range$1.15 – $1.16
Volume—
24h$1.15 – $1.16

The employment change -17.7 K revised to xxK Employment change change 87.8K vs 10.0K estimate Unemployment rate 6.6% versus 6.9% estimate. Prior month 6.9%. Full-time employment change 154.0K versus -46.7L;ast month. Part-time employment change -66.2Kvs. 29.0 K last month average hourly wages or permanent employees 3.2% vs 4.8% last month Employment rose among employees in both the private sector (+56,000; +0.4%) and the public sector (+20,000; +0.4%) in May. The number of self-employed workers was little changed. On the surface a very strong number. The US had a stronger than expected jobs report as well. The USDCAD is trading at 1.3876 down from 1.3890 prior to the report. Details from Statistics Canada Employment increased by 88,000 (+0.4%) in May, the first significant employment gain since November 2025. The increase in May follows a net decline of 112,000 (-0.5%) over the first four months of 2026. On a year-over-year basis, employment was up by 147,000 (+0.7%) in May. The number of people working full-time rose by 154,000 (+0.9%) in May. The increase in the month offsets a downward trend observed from January to April, in which the number of full-time workers fell by 156,000 (-0.9%). In May, part-time employment decreased by 66,000 (-1.7%). The unemployment rate ticked down to 6.6%. The unemployment rate was at 6.5% in January so the price is moving back down toward that level Where were the jobs created: Looking at the components of the job creation, construction was the strongest while wholesale and retail trade was the weakest. 11 component industries saw advances in jobs while five saw declines: Construction: Employment increased by 27,000 (+1.7%), the largest gain among major industries. Despite the monthly increase, employment was little changed from a year ago. Information, Culture and Recreation: Employment rose by 19,000 (+2.3%), one of the strongest percentage gains in May. Employment was little changed compared with May 2025. Transportation and Warehousing: Employment increased by 19,000 (+1.7%). Compared with a year ago, employment was up 36,000 (+3.4%), making it one of the stronger-performing sectors over the past 12 months. Accommodation and Food Services: Employment climbed by 17,000 (+1.5%). Employment was up 34,000 (+3.0%) from a year earlier, reflecting continued strength in consumer-facing services. Manufacturing: Employment increased by 15,000 (+0.8%). Employment was little changed from a year ago but remained 44,000 (-2.3%) below January 2025 levels. The sector continues to face uncertainty related to U.S. tariff policies and broader economic concerns. Wholesale and Retail Trade: Employment fell by 35,000 (-1.2%), the largest decline among major industries. Employment has been trending lower since October 2025 and was down 64,000 (-2.1%) compared with a year ago. Key Takeaway Employment gains were broad-based across several industries, led by construction, transportation and warehousing, accommodation and food services, information, culture and recreation, and manufacturing. The primary area of weakness remained wholesale and retail trade, which continued its downward trend. Overall, the report points to a labor market that is finding support in service-oriented and transportation-related sectors, while retail employment remains under pressure. The USDCAD was trading near 1.3890 ahead of the report. It is trading modestly lower to 1.3875 off of the initial move. Overview of the Labour Survey: For background, the Labour Force Survey, published monthly by Statistics Canada, provides comprehensive data on employment, unemployment, and labour force participation across Canada. Released on the first or second Friday of each month at 8:30 a.m. ET, the report surveys approximately 56,000 households and tracks employment changes by industry, province, full-time versus part-time status, and demographic characteristics. The survey measures not only net job creation but also unemployment rates, wage growth, and labour force participation, offering insights into the health of Canada's economy. The data is closely monitored by the Bank of Canada when setting monetary policy and by economists assessing economic conditions. At the moment, there are no further cuts priced in for the Bank of Canada. Below is a summary of the recent Bank of Canada expectations: This article was written by Greg Michalowski at investinglive.com.

Integrity note  ·  Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at Forexlive. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

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investingLive Americas FX news wrap 5 Jun:A strong US jobs report sends bonds/stocks lower
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investingLive Americas FX news wrap 5 Jun:A strong US jobs report sends bonds/stocks lower

Taken together, the reports painted a picture of two labor markets that remain far more resilient than expected. That is the good news. The not so good news for policymakers, is that the stronger employment data reduces pressure for additional monetary easing. In the U.S., markets pushed Treasury yields higher and increased expectations that the Federal Reserve will keep rates elevated for longer and perhaps raise rates toward the end of the year (that would be a big reversal from just a few months ago). While in Canada the report reinforced expectations that the Bank of Canada may remain on hold after its recent easing cycle. Currency markets reflected the stronger Canadian data, with USDCAD moving modestly lower following the release, although gains in the U.S. dollar from the stronger U.S. report limited the downside. The stronger-than-expected U.S. jobs report sparked a sharp selloff in the Treasury market as traders reduced expectations for near-term Federal Reserve rate cuts. The move was led by the front end of the yield curve, reflecting a repricing of Fed policy expectations. The 2-year Treasury yield climbed 10.0 basis points to 4.15%, while the 5-year yield rose 7.9 basis points to 4.268. Longer-term yields also moved higher, with the benchmark 10-year yield increasing 5.5 basis points to 4.530% and the 30-year bond yield advancing 2.0 basis points to 4.996%. The steeper rise in shorter-dated yields highlighted the market's view that a resilient labor market and still-elevated inflation pressures could keep the Federal Reserve on hold for longer than previously anticipated.Stocks were mixed to start the day with the Dow higher and the S&P and Nasdaq lower (Nasdaq was down about 300 points going into the jobs report). The jobs report sent the stocks lower on the back up in yields Concerns about the events of the week with Alphabets floating of $85 billion of equity a reminder that AI is going to cost a lot, and that cost is now eating into shareowners value as equity gets diluted. In the past, stock owners benefited from buybacks of shares reversing dilution.. Now with the number of shares increasing, that idea is reversing The declines started to accelerate with both the S&P and NASDAQ indices closed closing below their 200 hour moving averages for the first time since April 2026. For the S&P index the 200 hour moving average comes in at 7404.33. The closing price was 7383.73. For the NASDAQ index the 200 hour moving averages at 26069.49 with a closing price well below that level at 25709.43. There were a number of losers which fell over 10% today including: In a unique week, Marvel Technology was one of the worst performers today with a decline of -16.74%, but one of the best performers for the week with a gain of 28.52%. Indicative of the craziness, it's stock is still up 210% for the year. The stock price this week reached a $324.20 before closing today at $263.47. The USD was stronger today with the AUD and the NZD the hardest hit vs the greenback. Below is an end of week video, outlining the technicals for those two pairs as the trading week comes to an end. Ranking the major currencies losses versus the greenback showed JPY -0.17% CAD -0.19% GBP -0.60% EUR -0.78% NZD -1.19% AUD -1.23% The price of gold reacted negatively to the higher yields and the higher dollar. Gold tumbled $147.17 or -3.29% for its worst day since March 20. For the week the price fell -4.614% Silver fell by $-6.02 or -8.15% (its worst day since May 15). For the week the price fell -9.837% Bitcoin continued its move to the downside fell more than 16% this week its worst one week % decline since October 2022 It raises an interesting question: Did some insiders have a rough day today? The markets will next prepare for Kevin Warsh's first meeting as the Fed chair, but before then, the CPI data will be released next week with expectations for a core gain of 0.5% and the YoY rising to 2.9% from 2.8%. The headline is expected to reach 4.2% from 3.8% last month. The Bank of Canada is expected to keep rates unchanged but with the strong jobs report it will be interesting to see if there is a shift. The ECB will also meet and the market has priced a 25 basis point hike. That has been pretty well telegraphed from policy makers already. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source
Trump: Would like to see lower interest rates
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Will leave interest rate decision to Warsh Would like to see lower interest rates Says the country is doing well, market should go up He would not mind if Warsh were to cut interest rates. Will leave rate cut to Warsh during October meeting. What is curious is his response that will leave rate cut to Warsh but cites the October meeting. He seems to be giving in for the June, July, September meetings. On Iran and oil prices says: Having great success with Iran, and Iran is in no position to have a nuclear weapon. Has about energy prices, says that they have many options More: Meeting scheduled with AI companies Concept of American public AI partnership it is interesting This article was written by Greg Michalowski at investinglive.com.

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EURUSD continues the tumble lower
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