Canada's labour market takes bigger hit than expected, shedding almost 63,000 jobs amid lockdowns

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Canada's labour market takes bigger hit than expected, shedding 62,600 jobs amid lockdowns

The 0.3 per cent dip in employment in December also followed gains of 0.3 per cent in November, 0.5 per cent in October and an average increase of 2.7 per month from May to September. Canada’s unemployment rate edged up to 8.6 per cent in December from 8.5 per cent in November.

December’s job losses capped off a bad year for the Canadian economy and the world in general, as the coronavirus pandemic sickened millions and forced governments to shut down or restrict businesses, social gatherings and international travel. The economy is also still about 636,000 jobs short of where it was pre-pandemic, as there were around three million people who had lost employment by April, StatsCan says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Liberals and the job market. Business as usual

SouljeruvGod Good news for the third of employees working directly for governments. Gains. Thanks for the loans kids!

Trudopinomics.

Carbon taxes and too much free Liberal government money floating around. Who needs to work anymore?

Yes, because this is a big shock. Wake up!!

Healthy new work models will be necessary to channel that change into the creation of stronger labour markets & sufficient safeguards. COVID19 economy 2021year

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Canada Latest News, Canada Canada Headlines