TORONTO — An inaugural private-sector Canadian jobs report calculates that the economy actually shed jobs last month, contrary to the sizable gain reported two weeks ago by Statistics Canada. The Canada National Employment Report from ADP — a U.S.-based payroll processor known for releasing jobs data ahead of the American government — estimates that 5,700 payroll jobs were lost in October. She added that ADP’s reports are based on data collected from actual payrolls at 40,000 companies with 2.2 million employees in Canada, which provides a much bigger sample than the government’s surveys. The company’s U.S. payroll reports are a “very important addition the mix” but they come out about two days before the U.S. Labour Department’s flagship jobs reports, Porter said in an interview. I’m not sure,” Porter saidBut Porter said that ADP’s reports may be useful for confirming or challenging big swings in government jobs estimates.

Source: National Post November 16, 2017 19:24 UTC