Local Community Advertising
Statistics Canada says the national economy added nearly one million jobs in June as businesses forced closed by the pandemic moved to reopen.
The agency says 953,000 jobs were added last month including 488,000 full−time and 465,000 part−time positions.
The national unemployment rate fell to 12.3% in June after hitting a record−high of 13.7% in May.
In British Columbia, meanwhile, the unemployment rate in June was 13%.
That's down 0.4 points on May's rate.
A snapshot of the unemployment rate in the province's cities, however, paints a gloomy picture:
- Kelowna: Up from 9.6% to 10.2%
- Vancouver: Up from 10.7% to 13.1%
- Victoria: Up from 10.1% to 11%
- Abbotsford-Mission: Up from 7.5% to 8.8%
Across the whole province, the number of people employed rose by 118,000 in June.
In May, there was an increase of 43,000.
Finance Minister Carole James said the labour force figures "continue to show signs" of BC's "gradual economic restart."
She said the "road ahead is a challenging one," however.
"The COVID-19 pandemic has challenged and changed our province," she explained.
"Thousands of families, young people and businesses continue to struggle to make ends meet."
Nationally, even though more people found jobs, more people were also looking for work.
The average economist estimate for June had been for an addition of 700,000 jobs and the unemployment rate to fall to 12%, according to financial data firm Refinitiv.
Statistics Canada says the unemployment rate would have been 16.3% had it included in unemployment counts those who wanted to work, but did not look for a job.
The jobs report this morning says there are still some 3.1 million people affected by the shutdowns of March and April when public health restrictions forced businesses to close and workers to stay at home to slow the spread of COVID−19.
About 2.5 million didn’t have jobs in June, either due to temporary or permanent layoffs, while the remainder are working less than half their usual hours.
As restrictions eased, the number of people participating in the labour force grew by about 786,000 after May’s 491,000 gain, bringing those considered in the labour force to within 443,000 of its pre−pandemic level.
The gains, though, have not been shared equally between men and women, with the former gaining back jobs at a faster pace than the latter.
The unemployment rate for women was 12.7% in June compared to 12.1% for men. Similarly, the participation rate for core−aged men was less than one percentage point below the February level, while for women it was 1.4 points short.
The underutilization rate — which counts those who are unemployed, those who want a job but didn’t look for one, and those working less than half their usual hours — was 28.3 for women and 25.5% for men.
The Bank of Canada and federal government say the worst of the economic pain from the pandemic is behind the country, but Canada will face high unemployment and low growth until 2021.
The economic outlook released by the Liberal government Wednesday forecast the unemployment rate to be 9.8% for the calendar year, dropping to 7.8% next year based on forecasts by 13 private sector economists.
– With files from Canadian Press
Local Community Advertising