Employment rebounds by 30K in Saskatchewan

11 Juillet, 2020, 06:10 | Auteur: Auguste Feret

The average economist estimate for June had been for an addition of 700,000 jobs and the unemployment rate to fall to 12.0 per cent, according to financial data firm Refinitiv.

Douglas Porter, chief economist at BMO Capital Markets, said combined with the May rise of 290,000 jobs, the numbers mean that 41 per cent of the roughly 3 million jobs lost during the COVID-19 shutdowns in March and April had been reversed by the middle of June.

Saskatchewan is now at 92.6 per cent of its pre-pandemic levels of employment in February.

About two thirds of the employment rebound in June came from full-time positions, with the rest made up of part-time work.

"Approximately 2.5 million Canadians were unemployed in June, a decrease of 167,000 (-6.4%) from May but more than double the February level (1.1 million)".

As of June, three months into the pandemic, the area's unemployment rate stood at 12.6 per cent, up nearly a full percentage point from last month and more than double the rate before the health crisis hit in March, grinding much of the region's economy to a halt.

The city's Labour Participation Rate was 54 per cent last month.

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Statistics Canada also observed employment among core-aged workers with children grew substantially faster for fathers compared to mothers.

"B.C.'s unemployment rate remains higher as more people look to enter the workforce".

If you're looking for work, there are lots of jobs out there.

"The total net job loss since the start of the pandemic stands at 235,000 ... while that's a large number, those are people, those are families, those are individuals in communities".

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.

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

Still, employment declined in all three territories in June.


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