Canada CAD

Canada Part Time Employment Chg

Impact:
Medium

Latest Release:

Date:
Surprise:
43K
| CAD
Actual:
63K
Forecast: 20K
Previous/Revision:
85.1K
Period: Nov

Next Release:

Date:
Forecast: 15K
Period: Dec
What Does It Measure?
The Canada Part Time Employment Change measures the net change in the number of people employed part-time in Canada over a specified period, serving as an indicator of labor market conditions and economic activity. It primarily assesses employment trends and labor utilization among part-time workers, which are crucial for understanding overall economic health.
Frequency
This report is released monthly, typically on the first Friday of each month, providing either a preliminary estimate or a final figure.
Why Do Traders Care?
Traders monitor Part-Time Employment Change closely due to its implications for economic growth and consumer spending, as changes in employment levels can directly affect currency valuations (e.g., CAD) and stock market performance. Higher-than-expected increases in part-time employment may be interpreted as strengthening economic conditions, boosting market sentiment, while lower readings could indicate economic weakness.
What Is It Derived From?
The data is derived from the Labour Force Survey, which collects information from a sample of households across Canada, representing the civilian non-institutionalized population. The survey assesses the employment status of individuals, categorizing them based on full-time and part-time work, and utilizes statistical methods to produce estimates reflecting actual employment conditions.
Description
The Part-Time Employment Change report offers a critical insight into labor market dynamics by reflecting changes in employment levels on a monthly basis. It is vital for assessing short-term economic fluctuations and helps evaluate how trends in part-time work relate to broader employment statistics and economic indicators.
Additional Notes
The Part-Time Employment Change is seen as a coincident indicator that reflects current economic conditions, often compared with full-time employment data to observe shifts in labor market composition. Analysts may use this indicator alongside the unemployment rate and other labor metrics to gauge overall economic activity and labor market strength.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CAD, Bullish for Stocks. Lower than expected: Bearish for CAD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
63K
20K
85.1K
43K
85.1K
75K
-45.6K
10.1K
-45.6K
-20K
-59.7K
-25.6K
-59.7K
50K
10.3K
-109.7K
10.3K
12K
69.5K
-1.7K
69.5K
21K
-48.8K
48.5K
-48.8K
15K
-24.2K
-63.8K
-24.2K
-8K
29.5K
-16.2K
29.5K
10K
20.8K
19.5K
20.8K
5K
40.9K
15.8K
40.9K
40K
7.1K
0.9K
33.5K
1K
-3.6K
32.5K
-3.6K
21K
-11.2K
-24.6K
-11.2K
54K
-65.3K
-65.2K
-65.3K
-10K
65.7K
-55.3K
65.7K
17K
-64.4K
48.7K
-64.4K
-15K
1.9K
-49.4K
1.9K
-30K
62.4K
31.9K
62.4K
1K
50.3K
61.4K
50.3K
5K
-1.6K
45.3K
-1.6K
20K
-29.9K
-21.6K
-29.9K
2K
48.9K
-31.9K
48.9K
-15K
23.6K
63.9K
23.6K
-10K
-34.7K
33.6K
-34.7K
15K
20.8K
-49.7K
20.8K
-6K
47.9K
26.8K
47.9K
-5K
7.8K
52.9K
7.8K
2K
-8.1K
5.8K
-8.1K
10K
-49.8K
-18.1K
-49.8K
-10K
15.5K
-39.8K
15.5K
10K
47.6K
5.5K
47.6K
10K
15.9K
37.6K
15.9K
15K
-9.3K
0.9K
-9.3K
5K
28.9K
-14.3K
28.9K
10K
-1.7K
18.9K
19.5K
18K
-40.6K
1.5K
-40.6K
10K
-11K
-50.6K
-11K
25K
15.4K
-36K
15.4K
35K
37.5K
-19.6K
37.5K
6K
-17.5K
31.5K
-17.5K
10K
-39.1K
-27.5K
-39.1K
19K
-95.8K
-58.1K
-95.8K
-7K
47.1K
-88.8K
47.1K
35K
-20.3K
12.1K
-20.3K
50K
215.1K
-70.3K
215.1K
50K
-117.4K
165.1K
-117.4K
-20K
-64.3K
-97.4K
-67.7K
10K
73.8K
-77.7K
73.8K
10K
-5.2K
63.8K
-5.2K
-20K
-36.5K
14.8K
-36.5K
25K
21.7K
-61.5K
21.7K
8K
11K
13.7K
11K
180K
263.9K
-169K
263.9K
50K
-54.2K
213.9K
-54.2K
60K
-78K
-114.2K
-77.8K
-50K
127.8K
-27.8K
127.8K
-77K
171K
204.8K
171K
75K
-225.4K
96K
-225.4K
-10K
-95.4K
-215.4K
-99K
-37.4K
-37K
20K
14.5K
-57K
14.5K
70K
44.2K
-55.5K
44K
50K
40K
-6K
40K
250K
345.3K
-210K
345.3K
210K
464.8K
135.3K
464.8K
200K
70.3K
264.8K
70.3K
-200K
-521.9K
270.3K
-521.9K
-1800K
-536.7K
1278.1K
-536.7K
-130K
-7.3K
-406.7K
-7.3K
-5K
-1.2K
-2.3K
-1.2K
-10K
-6.5K
8.8K
-3.2K
-10K
-32.8K
6.8K
-32.8K
5K
14.3K
-37.8K
14.3K
-30K
-16.3K
44.3K
-16.3K
20K
57.2K
-36.3K
57.2K
7K
-12.6K
50.2K
-12.6K
30K
-26.2K
-42.6K
-26.2K
25K
0K
-51.2K
0K
0.5K
33.6K
-0.5K
33.6K
31K
-0.9K
2.6K
-0.9K
-11K
-11.6K
10.1K
-11.6K
-20K
36K
8.4K
36K
-10K
5.2K
46K
28.3K
2K
4.1K
26.3K
4.1K
3.9K
-22.6K
0.2K
-22.6K
-8.7K
80.2K
-13.9K
80.2K
18.9K
-92K
61.3K
-92K
1.4K
82K
-93.4K
82K
-23K
22.7K
105K
22.7K
6.5K
23.6K
16.2K
23.6K
15K
-30K
8.6K
-30K
-3K
-35.9K
-27K
-35.9K
-24K
54.7K
-11.9K
54.7K
45K
-137K
9.7K
-137K
-30K
41.6K
-107K
54.9K
-12K
49.9K
66.9K
49.9K
39K
-53.4K
10.9K
-53.4K
90K
-102K
-143.4K
-102K
-10K
110.4K
-92K
110.4K
7.4K
-24.3K
103K
-24.3K
6K
37.1K
-30.3K
37.1K
11.2K
-22.3K
25.9K
-22.3K
2.2K
34.3K
-24.5K
34.3K
24K
1K
10.3K
1K
31.2K
-89.8K
-30.2K
-89.8K
0K
32.4K
-89.8K
32.4K
7K
0.5K
25.4K
-27.6K
-16.4K
19.4K
-11.2K
19.4K
-22.7K
67.1K
42.1K
67.1K
-8.4K
44.1K
75.5K
44.1K
3.9K
-26K
40.2K
-26K
-9.3K
40.2K
-16.7K
40.2K
21K
39.4K
19.2K
39.4K
18.45K
-46.8K
20.95K
-46.8K
2.4K
0.4K
-49.2K
0.4K
-4.3K
5.3K
4.7K
5.3K
-3.9K
49.5K
9.2K
49.5K
15.7K
-11.3K
33.8K
-11.3K
1.8K
0.5K
-13.1K
29.2K
11K
-72.3K
18.2K
-72.3K
-15.5K
35.4K
-56.8K
35.4K
-15K
74K
50.4K
74K
20.5K
-42.4K
53.5K
-42.4K
-14.2K
23.9K
-28.2K
23.9K
-71.2K
-71.2K
27.9K
27.9K
-66.5K
-66.5K
56.8K
Broker Rebates