The outbreak of the COVID-19 led to the shutdown of non-essential services, which resulted in devastating effects for Canada’s labour market. However, in the month of June, the country has recovered the employment rate.
The data published in the BMO’s Labour Market Card in the June issue shows that Canada has rebounded its employment rate by 41% compared to the percentage of jobs lost due to the emergence of coronavirus. The unemployment stats for the month of June is 12.3 percent, increased by 6.7 percent against the last year.
Out of all the jobs lost, Atlantic Canada lost fewest jobs due to the coronavirus, while the unemployment rates are highest in the major cities in Canada. New Brunswick got along the best with the current situation, as the unemployment rate increased by 2 percent against 9.9 percent since the last year.
Moreover, New Brunswick is the only province with an unemployment rate below 10 percent in current times. For instance, one of the three last urban cities of New Brunswick, the Moncton city, seen an increase of 2.7 percent of unemployment rate against the previous year’s unemployment rate, standing at 9.7 percent, which is lower than the national average unemployment rate of 12.3 percent.
Also Read: How to Get a Job in Canada? The Ultimate Guide
For the other three Atlantic provinces of Canada, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island, the unemployment rates are usually higher than the former; however, the year-over-year increase in the unemployment rates of these provinces are below the average rate of the country.
St. John’s and Halifax, the other two cities of the Atlantic provinces, ranked among the top ten cities that outperformed through their labour-market activities. Hence, due to this COVID-19 pandemic, Atlantic provinces are least impacted in the country in terms of job loss.
On the other hand, Quebec has seen the most significant decline in employment, at 18.7 percent during the pandemic; also, it has observed the fastest recovery of employment rate, that is, only 7.8 percent is less compared to the employment levels before the coronavirus outbreak.
While Ontario experienced an increase in the unemployment rate, employment recovery rate, and the current unemployment rate relatively similar to the Canadian average rates, in the month of June, Ontario stated an unemployment rate of 12.2 percent.
Also Read: 9 Easiest Ways to Immigrate to Canada
For Saskatchewan and Manitoba, these two Prairie provinces saw a smaller increase in the unemployment rate compared to other provinces. Moreover, Manitoba stood at the second smallest provincial decline with 7.2 percent, and Saskatchewan experienced the third smallest provincial decline with 7.3 percent.
For the province of Alberta, the economic difficulties due to the pandemic have increased tremendously, as much of the province is dependent on the oil industry. The province experienced a decline of 10.3 percent in the employment rate compared to the employment levels before the COVID-19 pandemic.
The stats for June showed that British Columbia had an unemployment rate of 13 percent, which is 8.4 percent more than the unemployment levels before the coronavirus outbreak.
Furthermore, due to this pandemic, the major Canadian cities experienced maximum trouble in terms of labour-market, including Vancouver, Montreal, Toronto, and Calgary.