The economy lost 68,000 jobs in May, and the unemployment rate rose slightly to 8.2%


The Canadian labor market laid off 68,000 jobs last month because many areas of the country continued to implement stricter public health restrictions to slow the third wave of the COVID-19 pandemic.

Statistics Canada’s labor force survey data released on Friday showed that the employment rate was 8.2%, up from 8.1% in April.

After 78,000 jobs were lost in April, most of the lost jobs (54,000) were part-time jobs.

Ontario and Nova Scotia are the only provinces with a decline in total employment. Statistics Canada reported that the extension of the stay-at-home order in Ontario was the main reason for the decline in employment. The decline in Nova Scotia was mainly due to the province entering a lockdown at the end of April.

The unemployment rate in Ontario was 9.3%, up from 9.0% in April. The tax rate in Nova Scotia is 9.8%, which is higher than 8.1%. Employment in Saskatchewan has increased — its unemployment rate is 6.3%, below 6.6% — while all other provinces have seen little change.

The labor force survey found that the number of people employed in the manufacturing industry fell by 36,000, a drop of 2%, which is the first such decline in the industry since April 2020. Ontario and Quebec accounted for most of the overall decline in the industry.



Source link