Canada payrolls show much smaller gain in May than earlier report

Thu Jul 25, 2013 9:15am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

OTTAWA (Reuters) - A survey of Canadian businesses showed non-farm payrolls were up just 8,500 in May, less than one tenth of the number released in an early June report that is based on interviews with households.

Thursday's report - the survey of Payroll Employment, Earnings and Hours - obtained data from a business census.

The Labor Force Survey, Canada's most closely watched employment report, showed a gain of 95,000 jobs in May, the biggest monthly gain since August 2002.

Methodological differences bring slightly different results from the two surveys, but usually the trend is similar. Rarely do they contrast so starkly.

The Labour Force Survey can be volatile and economists warn against reading too much into one month's data. On July 5, the survey showed Canada had shed 400 jobs in June.

(Reporting by Randall Palmer; Editing by Janet Guttsman and Chizu Nomiyama)