- Prior -24.8K
-
Unemployment rate: 6.7% vs 6.6% expected
-
Prior 6.5%
-
Full-time employment change: -108.4K vs +44.9k last month
-
Part-time employment change: +24.5K vs -69.7K last month
-
Participation rate: 64.9% vs 65.0% last month
-
Average hourly wages (permanent, YoY): 4.2% vs 3.3% last month
This is an awful jobs report. The Canadian dollar is selling off across the board.
StatCan notes that “employment declines in February were recorded in services-producing industries (-56,000; -0.3%) and goods-producing industries (-28,000; -0.7%). The largest declines were in wholesale and retail trade (-18,000; -0.6%), and ‘other services’ such as personal and repair services (-14,000; -1.8%).”
This article was written by Giuseppe Dellamotta at investinglive.com.