News

Canada unemployment drops in June, nearly 1 mn jobs created

July 10, 2020 10:05 PM


Twitter Share Facebook Share WhatsApp Share

Nearly one million jobs were created in Canada in June as coronavirus-linked restrictions were loosened, sending the unemployment rate down to 12.3 percent, government data showed Friday.

The economic reboot generated 953,000 jobs last month, nearly double the estimates by analysts, who had expected on average about 550,000 new jobs.

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.

The unemployment rate thus dropped 1.4 percentage points in June, from a record 13.7 percent seen in May -- the highest rate since 1976, when such data was first made public.

"While this was the largest monthly decline on record, the unemployment rate remains much higher than February," when it was at 5.6 percent, Statistics Canada said.

The June job gains were nearly evenly split between new full-time work (488,000) and new part-time gigs (465,000).

The number of Canadians working from home fell by about 400,000, the government statistics agency said.

After holding steady in May, the number of Canadians on temporary layoffs dropped 29.1 percent in June, and that figure should keep dropping, it added.

Quebec province, which as of Friday had registered more than half of Canada's total 106,800 virus cases, saw its unemployment rate drop three points to 10.7 percent.

In June, all of Canada's provinces saw a jobs gain, and a decrease in absences linked to COVID-19.

 

 



Most Read

  1. Public Holiday announced in Lahore tomorrow Public Holiday announced in Lahore tomorrow
  2. Nazish Jahangir to hit any marriage proposal from Babar Azam out of the ground Nazish Jahangir to hit any marriage proposal from Babar Azam out of the ground
  3. Iranian First Lady visits Numl Iranian First Lady visits Numl
  4. Madiha Rizvi ties the knot again Madiha Rizvi ties the knot again
  5. Zara Noor Abbas inspired by Rani Mukerji Zara Noor Abbas inspired by Rani Mukerji
  6. Pakistan, Iran sign raft of accords to bolster bilateral cooperation Pakistan, Iran sign raft of accords to bolster bilateral cooperation

Opinion

  1. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  2. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  3. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  4. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  5. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  6. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay