Employment rebounds and absences from work drop
From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-19-related increase in absences from work of 2.5 million.
In May, employment rose by 290,000 (+1.8%), while the number of people who worked less than half their usual hours dropped by 292,000 (-8.6%). Combined, these changes in the labour market represented a recovery of 10.6% of the COVID-19-related employment losses and absences recorded in the previous two months.
Unemployment rate reaches record high as restrictions ease and more Canadians look for work
The unemployment rate was 13.7% in May, the highest rate recorded since comparable data became available in 1976. In February, prior to the COVID-19 economic shutdown, the unemployment rate was 5.6%. It increased to 7.8% in March and 13.0% in April.
Chosen excerpts by Job Market Monitor. Read the whole story @ The Daily — Labour Force Survey, May 2020
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