Labour Force Survey: Labour Market Survey

Labour Market Survey: Statistics Canada said on Thursday that nonfarm payrolls were up 8,500 in May. That is less than one tenth the number of jobs that the agency's Labour Market Survey, released in early June, said were created in the same month, according to Reuters. The Labour Force Survey, Canada's most timely employment report, showed a gain of 95,000 jobs in May, a huge figure that shocked markets. The increase would be roughly equivalent to the creation of 850,000 jobs in the far bigger U.S. market and OTTAWA - There's a huge discrepancy in two sets of government figures on growth in Canada's labor market in May, but both point to a slower pace of hiring that could signal bumps on the economic road ahead. Statscan analyst Emmanuelle Bourbeau said there are many differences in the way the two reports measure the jobs market, but there is at least one similarity in the results: "Employment growth is slowing down in both surveys," she said. (www.immigrantscanada.com). As reported in the news.