<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 1: Employment growth has been slower since the start of 2025</label>
    <description><![CDATA[Seasonally adjusted, monthly data

Note: 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 Labour Force Survey by the previous month’s employment rate.

Sources: Statistics Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=253356</link>
</groupDetail>
<seriesDetail>
<series id="SPEECH_VINC20260528_C1_S1">
<label>Employment growth (3-month moving average)</label>
<description>Employment growth (3-month moving average)</description>
<dimension key="d" name="Date"/>
</series>
<series id="SPEECH_VINC20260528_C1_S2">
<label>Pace that keeps the employment rate constant</label>
<description>Pace that keeps the employment rate constant</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-31"><v s="SPEECH_VINC20260528_C1_S1">16.8</v><v s="SPEECH_VINC20260528_C1_S2">67.0</v></o>
<o d="2024-02-29"><v s="SPEECH_VINC20260528_C1_S1">23.9</v><v s="SPEECH_VINC20260528_C1_S2">59.9</v></o>
<o d="2024-03-31"><v s="SPEECH_VINC20260528_C1_S2">59.2</v><v s="SPEECH_VINC20260528_C1_S1">30.1</v></o>
<o d="2024-04-30"><v s="SPEECH_VINC20260528_C1_S2">67.4</v><v s="SPEECH_VINC20260528_C1_S1">40.9</v></o>
<o d="2024-05-31"><v s="SPEECH_VINC20260528_C1_S1">37.8</v><v s="SPEECH_VINC20260528_C1_S2">65.7</v></o>
<o d="2024-06-30"><v s="SPEECH_VINC20260528_C1_S1">29.1</v><v s="SPEECH_VINC20260528_C1_S2">63.2</v></o>
<o d="2024-07-31"><v s="SPEECH_VINC20260528_C1_S2">68.3</v><v s="SPEECH_VINC20260528_C1_S1">16.7</v></o>
<o d="2024-08-31"><v s="SPEECH_VINC20260528_C1_S2">58.2</v><v s="SPEECH_VINC20260528_C1_S1">17.7</v></o>
<o d="2024-09-30"><v s="SPEECH_VINC20260528_C1_S2">57.9</v><v s="SPEECH_VINC20260528_C1_S1">29.3</v></o>
<o d="2024-10-31"><v s="SPEECH_VINC20260528_C1_S2">45.1</v><v s="SPEECH_VINC20260528_C1_S1">26.6</v></o>
<o d="2024-11-30"><v s="SPEECH_VINC20260528_C1_S2">37.5</v><v s="SPEECH_VINC20260528_C1_S1">27.2</v></o>
<o d="2024-12-31"><v s="SPEECH_VINC20260528_C1_S2">36.5</v><v s="SPEECH_VINC20260528_C1_S1">46.2</v></o>
<o d="2025-01-31"><v s="SPEECH_VINC20260528_C1_S1">60.7</v><v s="SPEECH_VINC20260528_C1_S2">34.0</v></o>
<o d="2025-02-28"><v s="SPEECH_VINC20260528_C1_S1">47.8</v><v s="SPEECH_VINC20260528_C1_S2">29.0</v></o>
<o d="2025-03-31"><v s="SPEECH_VINC20260528_C1_S2">31.6</v><v s="SPEECH_VINC20260528_C1_S1">9.9</v></o>
<o d="2025-04-30"><v s="SPEECH_VINC20260528_C1_S2">32.6</v><v s="SPEECH_VINC20260528_C1_S1">-6.7</v></o>
<o d="2025-05-31"><v s="SPEECH_VINC20260528_C1_S2">22.5</v><v s="SPEECH_VINC20260528_C1_S1">-3.7</v></o>
<o d="2025-06-30"><v s="SPEECH_VINC20260528_C1_S2">28.3</v><v s="SPEECH_VINC20260528_C1_S1">25.5</v></o>
<o d="2025-07-31"><v s="SPEECH_VINC20260528_C1_S2">22.9</v><v s="SPEECH_VINC20260528_C1_S1">17.2</v></o>
<o d="2025-08-31"><v s="SPEECH_VINC20260528_C1_S1">-5.9</v><v s="SPEECH_VINC20260528_C1_S2">17.8</v></o>
<o d="2025-09-30"><v s="SPEECH_VINC20260528_C1_S1">-10.3</v><v s="SPEECH_VINC20260528_C1_S2">16.8</v></o>
<o d="2025-10-31"><v s="SPEECH_VINC20260528_C1_S1">21.8</v><v s="SPEECH_VINC20260528_C1_S2">14.2</v></o>
<o d="2025-11-30"><v s="SPEECH_VINC20260528_C1_S2">10.8</v><v s="SPEECH_VINC20260528_C1_S1">59.8</v></o>
<o d="2025-12-31"><v s="SPEECH_VINC20260528_C1_S1">45.4</v><v s="SPEECH_VINC20260528_C1_S2">6.0</v></o>
<o d="2026-01-31"><v s="SPEECH_VINC20260528_C1_S1">12.5</v><v s="SPEECH_VINC20260528_C1_S2">3.2</v></o>
<o d="2026-02-28"><v s="SPEECH_VINC20260528_C1_S2">4.4</v><v s="SPEECH_VINC20260528_C1_S1">-32.9</v></o>
<o d="2026-03-31"><v s="SPEECH_VINC20260528_C1_S2">6.8</v><v s="SPEECH_VINC20260528_C1_S1">-31.5</v></o>
<o d="2026-04-30"><v s="SPEECH_VINC20260528_C1_S1">-29.2</v><v s="SPEECH_VINC20260528_C1_S2">5.4</v></o>
</observations>
</data>