Finance minister to speak about June job statistics in Manitoba

Marco Green
July 10, 2020

In Ontario's case, where the easing of restrictions began in late May, employment rose by 378,000 people, marking the first increase in employment since the beginning of the pandemic-induced shutdowns.

Ontario's unemployment rate now sits at 12.2 per cent in June, down from May's 13.6 per cent.

The average economist estimate for June had been for an addition of 700,000 jobs and the unemployment rate to fall to 12.0 per cent, according to financial data firm Refinitiv. Both months set new records, eclipsing the previous high of 11 per cent set in August 2009 from almost 20 years of comparable data going back to March 2001.

"While this (May) was the largest monthly decline on record, the unemployment rate remains much higher than February, when it was 5.6%", Statistics Canada says. Last month, that number went up to 97.1 per cent.

In May, Canada reported a record-high unemployment rate, but also saw signs of recovery in June.

The economic outlook released by the Liberal government Wednesday forecast the unemployment rate to be 9.8 per cent for the calendar year, dropping to 7.8 per cent next year based on forecasts by 13 private sector economists.

However, it wasn't until March that the economy showed the real impacts of closures and restrictions.

In March and April, Canada lost three million jobs, and more than two million people's working hours were cut.

Other reports by Click Lancashire

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