HEWC - Canada unemployment rate steady at 5%

2023-03-10 08:45:00 ET

• The unemployment rate in Canada held steady from the previous month at 5% in February of 2023, remaining close to the record-low of 4.9% observed in June and July 2022, and beating market forecasts of 5.1%.
• 21,800 jobs were added to the Canadian economy in the period, more than twice of expectations.
• The full-time employment 31.1K vs 121.1K last month.
• The part-time employment -9.3K vs 28.9K last month.
• The number of employees grew in the private sector (+39,000; +0.3%), while there was little change in public sector employment and in the number of self-employed.
• Total hours worked rose 0.6% in February and were up 1.4% on a year-over-year basis.
• ETFs: EWC , HEWC , FLCA

For further details see: