Breakfast TV #Vancouver (@BT_Vancouver) — More Than A Million Jobs Lost In #Canada Last Month; #COVID19

#BREAKING NEWS: Employment fell by more than one million in March bit.ly/2yNAHML.

Canada lost 1,010,700 jobs in March, according to Statistics Canada, with full-time work falling by 474,000 bringing the unemployment rate to 7.8 per cent.

Canada lost 1,010,700 jobs in March, according to Statistics Canada, with full-time work falling by 474,000. The drop brings the unemployment rate to 7.8 per cent from 5.6 per cent in February.

The losses were heavily driven by the pandemic, which has resulted in mass layoffs country-wide.

The agency says the employment rate is now the lowest it’s been since April 1997 at 58.5 per cent, and adds the unemployment rate’s jump to 7.8 per cent is “the largest one-month increase since comparable data became available in 1976.”

Source: BT_Vancouver, post

 

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