Canada gains 245,800 jobs, recovering nearly two-thirds of COVID-19 losses

Canada gains 245,800 jobs, recovering nearly two-thirds of COVID-19 losses

Canada's unemployment rate dropped to 10.2 per cent, a decrease of 0.7 percentage points from July. "It remains that the still-elevated unemployment rate (10.2%) does not fully capture the damages experienced in the labour market".

Employment among Indigenous people living off-reserve fell by 1.8 per cent from July, compared with gains of 1.3 per cent for non-Indigenous Canadians.

For the third month in a row since B.C. entered its record-breaking state of emergency, the province's economy is showing signs of recovery, with the unemployment rate falling compared to the month before. The figures could fluctuate because they are based on small statistical samples.

Just a few months ago, America had an unemployment rate of 3.5 percent-the lowest rate in 50 years-before jumping to a peak of 14.7 percent in April due to devastation wrought by COVID-19. Combined with the employment increases in June and July, the gains in August brought employment in Ontario to within 93.6 per cent of its pre-pandemic level.

Most of the new gains are concentrated in full-time work, which lagged behind part-time gains in July.

"But in this [COVID-19] context, 15,000 represents a pretty dramatic slowing", he said, adding he expected the province to post anywhere between zero to 40,000 jobs in August.

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Despite the increase, Canada sits 1.1 million jobs below the pre-pandemic total.

Alberta's unemployment rate drop of one percentage point is the second-largest decrease last month, again only behind Newfoundland and Labrador where the rate dipped by 2.5 percentage points.

In total, the London census metropolitan area, which also takes in Strathroy, St. Thomas and portions of Middlesex and Elgin County, added 6,900 new positions in August, helping boost the total number of people employed to 250,800.

Employment numbers continue to rebound across the country, according to the latest labour force survey from Statistics Canada.

Compared to this time previous year, Niagara is still down just over 15,000 jobs. Employment in the goods-producing sector grew by 27,600 jobs, while the services sector grew by 218,100 positions.

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