Non-farm payroll employment falls in June: Report

Loss of 10,500 jobs driven by decline in hiring in finance, real estate
|hrreporter.com|Last Updated: 07/23/2018
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Canada lost 10,500 jobs in June, driven by a decline in hiring in the finance and real estate sector, according to a report from ADP. REUTERS/Carlo Allegri

OTTAWA (Reuters) - Canada lost 10,500 jobs in June, driven by a decline in hiring in the finance and real estate sector, according to a report from ADP.

"We saw a significant dip in job growth in Canada for the month of June," said Ahu Yildirmaz, vice-president and co-head of the ADP Research Institute.

"This decline likely reflects the impact of regulations on mortgage financing and a slowdown in consumer spending."

May's job gain was revised up to 27,800 from an originally reported 2,900, ADP said. The report, which is jointly developed with Moody's Analytics, is derived from ADP's payrolls data of about 40,000 companies.

Industry snapshot

Goods producing:

  • manufacturing     1,800  
  • construction     -5,600                                                                                      
  • ·natural resources and mining     1,300

Service providing:

  • trade/transportation and utilities     -7,900                                   
  • information     -2,400
  • finance/real estate     -4,300
  • professional/business services     3,200
    - professional/technical     2,400
    - management of companies     -800
    - administrative and support     1,600                       
  • education and health care     1,600
    - educational services     3,900
    - health care     -2,300
  • leisure and hospitality     2,300           
  • ·other services     -500     

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