Canadian Jobs Ontario vs Quebec and the Weather

Canada lost 18k jobs in April as a sharp decline in Quebec neutralized growth in Ontario, pushing the unemployment rate to 6.9%. The report argues that this rise should be ignored ('faded') due to statistical artifacts and weather-related disruptions.

Key Takeaways

• 1.Canada lost 17.7k jobs in April, primarily due to a significant decline in Quebec's job market which offset gains in Ontario.
• 2.The unemployment rate increase to 6.9% is likely a statistical outlier caused by lags in population reporting and immigration policy changes.
• 3.Adverse weather and illness significantly impacted hours worked and sectors like leisure and construction during April.

Table of Contents

• Canadian Jobs—Ontario vs. Quebec and the Weather
• Quebec Vs Ontario
• Sectors and Weather
• Fade the UR's Rise
• Immigration Policy's Effects
• Wage Growth Ebbed After Two Explosive Months
• Hours Worked Not Great for GDP
• What Does it Mean for the BoC?

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