Question Period Notes
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The Organisation for Economic Co-operation and Development (OECD) has released its June 2023 Economic Outlook.
The IMF released its April 2023 World Economic Outlook (WEO) on April 11
• Employment rose by 10,000 in November, matching market expectations.
• The unemployment rate edged down to 5.1% in November, while the labour force participation rate eased to 64.8%.
• Real gross domestic product (GDP) at basic prices edged up 0.1% in August, following a 0.1% increase in July.
• Real GDP growth in August was slightly above market expectations of a 0.0% increase.
• Employment rose by 39,800 in May, slightly above market expectations of a 30,000 gain.
• The unemployment rate edged down to 5.1% in May, a new record low, while the labour force participation rate remained at 65.3%.
• Real GDP at basic prices surged 1.1% in February, following a 0.2% increase in January.
• Real GDP growth in February was above market expectations of a 0.8% increase (Bloomberg survey).
• Nominal sales of manufactured goods rebounded 4.3% in October, following a 2.8% decrease in September. This increase was in line with market expectations of 4.1% growth.
• In real (i.e., inflation-adjusted) terms, manufacturing sales grew 3.1%, following a 4.1% decrease in September.
• Employment jumped by 154,000 in November, well above expectations of a 37,500 gain.
• The unemployment rate fell sharply by 0.7 percentage points to 6.0% in November. The labour force participation was 65.3% in November, unchanged from October.
"• Employment decreased by 68,000 in May, below market expectations of a 20,000 decline. Employment is now 571,000 jobs (-3.0%) short of its pre-pandemic level.
• The unemployment rate rose 0.1 percentage points to 8.2%, in line with market expectations, while the labour force participation rate fell 0.3 percentage points to 64.6%.
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• Today, the Parliamentary Budget Officer (PBO) released his March 2021 Pre-Budget Outlook.