Canada added almost 1 million jobs in June but still almost 2 million down from pre-COVID-19 level

Hotelier Reetu Gupta, CEO of Easton’s Group of Hotels, said demand is starting to come back from the depths of COVID-19. 
Andy Hincenbergs/CBC

Date of Publication: June 10, 2020

Source: CBC

Over the last month, Canada has added 953,000 jobs as businesses reopened from COVID-19 shutdowns. From a record high of 13.7% in May, the jobless rate across the country has fallen to 12.3% in June. Even with this addition, however, there are still 1.8 million fewer jobs in Canada currently when compared with pre-COVID-19 shutdown in February. Statistics Canada has indicated that when the jobs survey was conducted in June, Toronto was still mostly locked down and so these numbers don’t contain any surge in the city’s job numbers following Phase 2 of reopening. The data has revealed that the pandemic disproportionately hit women’s employment and that they are not recovering as quickly as male workers are.

Read the full article here: https://www.cbc.ca/news/business/canada-jobs-june-1.5644672

Summary by: Rakshith Gangireddy