07:51 AM EDT, 06/06/2025 (MT Newswires) -- May Labour Force Survey (LFS) from Statistics Canada arrives at 8:30 a.m. ET on Friday, noted Scotiabank.

According to the bank, the median consensus is for a 10,000 drop, while Scotiabank sees 25,000 declines. The consensus unemployment rate is 7.0% while the bank expects 6.9%

You will probably have to quickly look past the headline reading that is expected to be dragged lower by a reversal of temporary election hiring, stated Scotiabank. 37,000, public administration workers were hired in April as two of the four advance polling days before the April 28 election fell in the LFS reference week. Public administration jobs commonly fall by 20,000-40,000 in the month following the last six elections before this one and this one had more hiring than ever.

Beyond potential sticker shock are several other arguments, added the bank. Youth employment may be a drag given weak summer job postings and the distortions to the summer job market that are due to very high numbers of temporary residents coming into Canada in recent years.

Further, seasonally-adjusted (SA) factors will probably subtract from hiring again, it pointed out. SA factors for like months of May have been low in recent years compared with history. Each of January to April this year also had the lowest SA factors on record compared with like months in history.