Unemployment rate remained unchanged at 5.0% in February

Posted: 03.10.2023
February saw a steady employment growth, rising by +0.1% (22,000).

Here are some of the highlights:
  • Employment grew in health care and social assistance (+0.6%), public administration (+0.9%), and utilities (+5.0%). At the same time, fewer people working in business, building, and other support services (-1.5%).
  • Employment was little changed in core-aged adults (25-54 years old) and youth (15-24 years old).
  • A strong upward trend since August 2022 continued for those aged 55-64, with +0.7% increase last month.
  • Number of employees grew in the private sector by +0.3% and there was little change in public sector employment and self-employment.
  • Employment in professional, scientific, and technical services held steady in January and February, following strong growth in 2022.
  • The unemployment rate held steady at 5.0% in February, just shy of the record-low 4.9% observed in June and July of 2022.
You can read the full report here.
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