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Alberta lost 37,000 full-time jobs in June, youth unemployment rate spikes to highest in Canada

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Although overall youth employment increased in Canada last month by 7.1 per cent, unemployment for young people in Alberta rose by 7,100 in June bringing the number of them looking for work across the province to 59,100, according to the latest Labour Force Survey released by Statistics Canada Friday morning.
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Alberta lost 37,000 full-time jobs in June, youth unemployment rate spikes to highest in Canada Back to video
June’s job numbers reflect the province’s second stage of reopening under the COVID-19 ‘open for summer’ plan. That has eased a significant number of restrictions and allowed the opening and expansion of many amenities such as recreation centres, casinos and movie theatres. ....

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Australian dollar boosted by oil spike

MacroBusiness
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at 8:04 am on July 6, 2021 | 0 comments
Forex markets were largely stable last night with Wall Street closed but under the surface there are some interesting dynamics. DXY was firm and EUR soft:
Australian dollar was basically unchanged:
Oil and gold both jumped:
Base metals lifted with oil:
US and EM junk have diverged a little but it’s not material yet:
EM stocks are stalled still:
Miners did better in London:
Other markets were closed. Westpac has the wrap:
Event Wrap
The
Markit Eurozone Services PMI survey was finalised at 58.3, from the flash reading of 58.0, taking the composite index to 59.5 from 59.2. Although Germany’s final readings fell, other national indices rose at the highest growth rates in 15 years. Service sector firms are struggling with surging demand and supply shortages, including labour, and are raising prices at the “steepest pace in 20 years”, with o ....

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