Canada's jobless rate down to 12.3 percent in June

Andrew Cummings
July 11, 2020

The 118,000 jobs added to the B.C. economy in June were slightly more than the Business Council of B.C. had been expecting, but the organization cautions that such dramatic gains are unlikely to be repeated.

Statistics Canada's labour force survey released Friday showed 953,000 jobs were added last month, including 488,000 full-time and 465,000 part-time positions.

All of these jobs have led to a decline in the unemployment rate to 12.3% for the month.

However, it's not all good news.

Saskatchewan and Manitoba saw increases of around 30,000 while Alberta saw almost 92,000 jobs added in June.

For the first time since B.C. entered its record-breaking state of emergency, the province's unemployment rate fell compared to the month before.

Stats Canada says from February to April of this year, 5.5 million Canadian workers have been affected, adding that it included a dip in the employment of 3 million and a COVID-19 related increase in absences from work of 2.5 million. "According to Statistics Canada, employment in Ontario increased by 377,900 in June, including an increase of 66,200 manufacturing jobs".

"This is a solid second step on the road to recovery, but still leaves employment at just 91 per cent of the February level (up from 84.4 per cent at the April low)", Porter wrote in a research note to clients.

Nationally, the country went from 13.7 per cent in May to 12.3 in June.

Even with the increase in jobs in June, StatCan said there were nearly 44,000 fewer people working in Saskatchewan than the same period a year ago.

The number of job-seekers increased by 180,000 people, a trend mostly observed among youth.

With the 290,000 jobs generated in May, the Canadian labor market has now recovered about 40 percent of the roughly three million jobs lost since the start of the global pandemic.

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