Canada’s economy added 62,000 jobs last month, which is better than economists had been expecting, but it’s also the lowest total since the labour market recovery from COVID-19 began in May.
Statistics Canada reported Friday that the jobless rate ticked down four basis points to 8.5 per cent. That’s down from a peak of 13.7 per cent in May, but still well above the 5.6 per cent rate seen in February, before the pandemic.
Canada lost more than a million jobs in March and another two million in April, before the job market started to recover in May. According to Statscan, more than 19.1 million Canadians aged 15 or over had some sort of job in February. Last month, that figure stood at just over 18.6 million.
There are currently 1.7 million people in Canada officially categorized as unemployed, which means they would like to work but can’t find any. Roughly one quarter of them — 443,000 people — have been out of work for more than half a year.
Manitoba lost 18,000 jobs last month. In Quebec, Saskatchewan and Alberta the number held flat, while it rose everywhere else.
More to come