In the News

Job Report in Canada (June 2020) – Employment increased by a further 953,000 (+5.8%), reaching a level 9.2% lower than in February

Building on an initial recovery of 290,000 in May, employment rose by nearly one million in June (+953,000; +5.8%), with gains split between full-time work (+488,000 or +3.5%) and part-time work (+465,000 or +17.9%). With these two consecutive increases, employment in June was 1.8 million (-9.2%) lower than in February.

Employment continues to rebound as reopening of economy continues

Employment decreased by 3 million from February to April, then recovery began with an increase of 290,000 in May. The number of Canadians who were employed but worked less than half their usual hours increased by 2.5 million from February to April. In June, employment increased by a further 953,000 (+5.8%), reaching a level 9.2% lower than in February. In June, COVID-related absences fell an additional 823,000, bringing the number to 1.4 million above pre-COVID levels.

The unemployment rate reached 13.0% in April, driven by a large number of temporary layoffs. It increased further to a record 13.7% in May, as more people re-entered the labour market in search of work. In June, the unemployment rate fell to 12.3%, as a decline in the number of people on temporary layoff more than offset a further increase in the number of job seekers.

From February to April, the number of people in the labour force fell by 1.7 million, as many people who wanted work did not look for a job. In May, the labour force expanded by 491,000, partially driven by the increase in the number of unemployed. One third of the potential labour force remained underutilized in May. In June, the labour force continued to grow, up 786,000 (+4.1%), bringing it to within 443,000 of its February level. Just over one quarter of the potential labour force was underutilized in June, still notably higher than pre-pandemic levels.

All provinces experienced unprecedented employment losses from February to April, as public health restrictions took effect. In May, employment change varied across jurisdictions as restrictions began to ease at different times. In June, employment increased in all provinces, although the degree of recovery still varies. Employment reached 89.7% of pre-COVID levels in Ontario and Alberta, and 97.1% in New Brunswick.

Infographic – Employment changes indexed from beginning of notable downturns, 1980 to 2020, Canada

Chosen excerpts by Job Market Monitor. Read the whole story @ The Daily — In the news: Statistics Canada’s official release bulletin.

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