2017 Employment Forecast

Employment Growth	Date Completed	Growth Rate
	Jan-17	-2.66%
CIBC World Markets	Feb-17	0.00%
Scotiabank Group	Mar-17	-2.00%
TD Economics	Dec-16	-1.40%
BMO Nesbitt Burns	Mar-17	-2.00%
Conference Board of Canada	Nov-16	-3.00%
RBC	Dec-16	-2.50%
Private Sector Avg		-1.82%
NL Department of Finance	Sep-16	-4.20%

Note:

Benchmark Price

The forecast above was computed assuming an average Brent (USD) price of oil of $54.55 for the 2017 calendar year. The oil price forecasts are provided by the United States Energy Information Agency (EIA).

This forecast was produced using a Vector Autoregressive (VAR) method. Data sources are available upon request.