<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 4: Employment growth has generally been subdued</label>
    <description><![CDATA[Seasonally adjusted, monthly data

Note: LFS is the Labour Force Survey. SEPH is the Survey of Employment, Payrolls and Hours. Employment growth needed to keep the employment rate constant is calculated by multiplying the net monthly change in the size of the working-age population in the LFS by the previous month’s employment rate.

Sources: Statistics Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=252550</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2026M04_EMPLOYMENT_S1">
<label>Employment growth, LFS (3-month moving average)</label>
<description>Employment growth, LFS (3-month moving average)</description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M04_EMPLOYMENT_S2">
<label>Pace that keeps employment rate constant, LFS</label>
<description>Pace that keeps employment rate constant, LFS</description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M04_EMPLOYMENT_S3">
<label>Employment growth, SEPH (3-month moving average)</label>
<description>Employment growth, SEPH (3-month moving average)</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2026M04_EMPLOYMENT_S3">2.1</v><v s="MPR_2026M04_EMPLOYMENT_S1">16.8</v><v s="MPR_2026M04_EMPLOYMENT_S2">67.0</v></o>
<o d="2024-02-01"><v s="MPR_2026M04_EMPLOYMENT_S1">23.9</v><v s="MPR_2026M04_EMPLOYMENT_S3">35.5</v><v s="MPR_2026M04_EMPLOYMENT_S2">59.9</v></o>
<o d="2024-03-01"><v s="MPR_2026M04_EMPLOYMENT_S2">59.2</v><v s="MPR_2026M04_EMPLOYMENT_S3">34.9</v><v s="MPR_2026M04_EMPLOYMENT_S1">30.1</v></o>
<o d="2024-04-01"><v s="MPR_2026M04_EMPLOYMENT_S2">67.4</v><v s="MPR_2026M04_EMPLOYMENT_S1">40.9</v><v s="MPR_2026M04_EMPLOYMENT_S3">29.9</v></o>
<o d="2024-05-01"><v s="MPR_2026M04_EMPLOYMENT_S2">65.7</v><v s="MPR_2026M04_EMPLOYMENT_S1">37.8</v><v s="MPR_2026M04_EMPLOYMENT_S3">27.0</v></o>
<o d="2024-06-01"><v s="MPR_2026M04_EMPLOYMENT_S3">1.1</v><v s="MPR_2026M04_EMPLOYMENT_S2">63.2</v><v s="MPR_2026M04_EMPLOYMENT_S1">29.1</v></o>
<o d="2024-07-01"><v s="MPR_2026M04_EMPLOYMENT_S3">5.4</v><v s="MPR_2026M04_EMPLOYMENT_S2">68.3</v><v s="MPR_2026M04_EMPLOYMENT_S1">16.7</v></o>
<o d="2024-08-01"><v s="MPR_2026M04_EMPLOYMENT_S3">7.4</v><v s="MPR_2026M04_EMPLOYMENT_S2">58.2</v><v s="MPR_2026M04_EMPLOYMENT_S1">17.7</v></o>
<o d="2024-09-01"><v s="MPR_2026M04_EMPLOYMENT_S3">12.2</v><v s="MPR_2026M04_EMPLOYMENT_S2">57.9</v><v s="MPR_2026M04_EMPLOYMENT_S1">29.3</v></o>
<o d="2024-10-01"><v s="MPR_2026M04_EMPLOYMENT_S3">4.0</v><v s="MPR_2026M04_EMPLOYMENT_S2">45.1</v><v s="MPR_2026M04_EMPLOYMENT_S1">26.6</v></o>
<o d="2024-11-01"><v s="MPR_2026M04_EMPLOYMENT_S2">37.5</v><v s="MPR_2026M04_EMPLOYMENT_S1">27.2</v><v s="MPR_2026M04_EMPLOYMENT_S3">-5.9</v></o>
<o d="2024-12-01"><v s="MPR_2026M04_EMPLOYMENT_S2">36.5</v><v s="MPR_2026M04_EMPLOYMENT_S1">46.2</v><v s="MPR_2026M04_EMPLOYMENT_S3">17.8</v></o>
<o d="2025-01-01"><v s="MPR_2026M04_EMPLOYMENT_S3">21.9</v><v s="MPR_2026M04_EMPLOYMENT_S2">34.0</v><v s="MPR_2026M04_EMPLOYMENT_S1">60.7</v></o>
<o d="2025-02-01"><v s="MPR_2026M04_EMPLOYMENT_S2">29.0</v><v s="MPR_2026M04_EMPLOYMENT_S1">47.8</v><v s="MPR_2026M04_EMPLOYMENT_S3">12.0</v></o>
<o d="2025-03-01"><v s="MPR_2026M04_EMPLOYMENT_S2">31.6</v><v s="MPR_2026M04_EMPLOYMENT_S1">9.9</v><v s="MPR_2026M04_EMPLOYMENT_S3">-19.0</v></o>
<o d="2025-04-01"><v s="MPR_2026M04_EMPLOYMENT_S3">-18.8</v><v s="MPR_2026M04_EMPLOYMENT_S1">-6.7</v><v s="MPR_2026M04_EMPLOYMENT_S2">32.6</v></o>
<o d="2025-05-01"><v s="MPR_2026M04_EMPLOYMENT_S2">22.5</v><v s="MPR_2026M04_EMPLOYMENT_S1">-3.7</v><v s="MPR_2026M04_EMPLOYMENT_S3">-1.3</v></o>
<o d="2025-06-01"><v s="MPR_2026M04_EMPLOYMENT_S2">28.3</v><v s="MPR_2026M04_EMPLOYMENT_S3">5.0</v><v s="MPR_2026M04_EMPLOYMENT_S1">25.5</v></o>
<o d="2025-07-01"><v s="MPR_2026M04_EMPLOYMENT_S3">11.5</v><v s="MPR_2026M04_EMPLOYMENT_S1">17.2</v><v s="MPR_2026M04_EMPLOYMENT_S2">22.9</v></o>
<o d="2025-08-01"><v s="MPR_2026M04_EMPLOYMENT_S1">-5.9</v><v s="MPR_2026M04_EMPLOYMENT_S3">10.4</v><v s="MPR_2026M04_EMPLOYMENT_S2">17.8</v></o>
<o d="2025-09-01"><v s="MPR_2026M04_EMPLOYMENT_S1">-10.3</v><v s="MPR_2026M04_EMPLOYMENT_S3">7.0</v><v s="MPR_2026M04_EMPLOYMENT_S2">16.8</v></o>
<o d="2025-10-01"><v s="MPR_2026M04_EMPLOYMENT_S1">21.8</v><v s="MPR_2026M04_EMPLOYMENT_S3">6.3</v><v s="MPR_2026M04_EMPLOYMENT_S2">14.2</v></o>
<o d="2025-11-01"><v s="MPR_2026M04_EMPLOYMENT_S1">59.8</v><v s="MPR_2026M04_EMPLOYMENT_S3">-1.0</v><v s="MPR_2026M04_EMPLOYMENT_S2">10.8</v></o>
<o d="2025-12-01"><v s="MPR_2026M04_EMPLOYMENT_S1">45.4</v><v s="MPR_2026M04_EMPLOYMENT_S2">6.0</v><v s="MPR_2026M04_EMPLOYMENT_S3">4.4</v></o>
<o d="2026-01-01"><v s="MPR_2026M04_EMPLOYMENT_S3">12.2</v><v s="MPR_2026M04_EMPLOYMENT_S1">12.5</v><v s="MPR_2026M04_EMPLOYMENT_S2">3.2</v></o>
<o d="2026-02-01"><v s="MPR_2026M04_EMPLOYMENT_S2">4.4</v><v s="MPR_2026M04_EMPLOYMENT_S1">-32.9</v></o>
<o d="2026-03-01"><v s="MPR_2026M04_EMPLOYMENT_S2">6.8</v><v s="MPR_2026M04_EMPLOYMENT_S1">-31.5</v></o>
</observations>
</data>