Canada demonstrates unexpected job growth
Despite the fact that Canada added 290,000 new jobs in May, the country’s unemployment rate has risen to 13.7%, the highest since the end of World War II. The increase of 290,000 vacancies is a record over the past 45 years, but, unfortunately, the climb to this height is taken from a very low employment point, which is certainly associated with the coronavirus pandemic. Since the beginning of quarantine measures, unemployment has been steadily increasing since February being at a level of 5.6%, 7.8% in March and 13% in April. The vast majority of new jobs in May 2020 were created in Quebec – 230,900, and the further distribution of the provinces is as follows: British Columbia – 43,300, Alberta – 28,200, New Brunswick – 16,800, Manitoba 13,100, Newfoundland and Labrador – 10,000, Nova Scotia – 8,600, Prince Edward Island – 2,600, Saskatchewan – 600. Ontario still shows the negative figure of minus 64,500.
#Unemployement, #COVID_19