Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following Public Outcry

Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following Public Outcry (ZeroHedge, Aug 15, 2014):

This morning it was take two for the Canada jobs print, which was as follows: In July, Canada employment increased 41.7K in July according to Statistics Canada, from -9.4K in prior month. This was about 41K higher than the previous “erroneous” print, and double the original estimate: high enough to make everyone happy. In fact, it was so high, it surpassed the highest range of the forecast, which topped out at 41.4K based on 20 economists.

Leave a Comment