The country's unemployment rate hit a record high in May.
OTTAWA — Nearly one million more Canadians had jobs in June than a month earlier, Statistics Canada says, as businesses forced to close by the pandemic began to reopen and the country continued to recoup the steep losses over March and April.
Statistics Canada said the unemployment rate would have been 16.3 per cent had it included in unemployment counts those who wanted to work, but did not look for a job.Job gains were made in every province, including by 378,000 in Ontario, marking the first increase since the COVID-19 shutdown, Statistics Canada said. It didn’t include any gains in Toronto as restrictions in that city loosened after the survey week.
“I worry about a coming second round of layoffs motivated not by health restrictions, but by companies deciding their businesses are going to be permanently smaller. So that would be qualitatively different and in a way worse,” said Stanford, director of the Centre for Future Work in Vancouver.Some three million jobs were lost over March and April due to the pandemic, and 2.5 million more had their hours and earnings slashed. By last month, some 3.
The PetroLMI Division of Energy Safety Canada says direct oil and gas employment fell by more than 6,700 positions in June compared with May, with about 70 per cent of the net job losses in Alberta.The overall job losses were unprecedented in speed and depth compared with previous recessions, Statistics Canada said, and the rebound to date sharper than previous downturns.
“Without the federal government being there to support Canadian workers, Canadian businesses and the Canadian provinces and territories, we would be in a bigger mess in this country right now,” Hassan Yussuff, president of the Canadian Labour Congress said in an interview this week.The Bank of Canada and federal government believe the worst of the economic pain from the pandemic is behind the country, but Canada will face high unemployment and low growth until 2021.
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