Economy has lost over 571 thousand jobs since pandemic began

By Brian Konrad

Economy lost 68,000 jobs in May, unemployment rate 8.2%, Statistics Canada says

Jun 4, 2021 | 7:50 AM

OTTAWA – Statistics Canada says the economy lost 68,000 jobs in May as lockdowns to slow the spread of COVID-19 continued.

The losses marked the second consecutive month of declines after 207,000 jobs were lost in April.

The unemployment rate was 8.2 per cent in May, little changed from the 8.1 per cent in April because the number of unemployed people in Canada overall stayed relatively steady.

What changed is that more people dropped out of the labour force in May, including workers who simply got discouraged and gave up looking for work.

The statistics office says there were 49,700 discouraged job-searchers last month, or 9.3 per cent, those who wanted work but did not look for work, more than twice the average of 22,000 seen in 2019.

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Friday’s data release also notes that 28,000 more core-aged women, those between age 25 and 54, didn’t look for work in May as third wave restrictions continued in Ontario and other regions of the country.

Alberta’s unemployment rate dipped down to 8.7 per cent.

It had been 9.0 in April.

Saskatchewan also saw an improvement of three tenths of a per cent, down to 6.3 per cent unemployment.

(The Canadian Press)