Wednesday, July 2, 2025

Canada’s Unemployment Rate Jumps to 8.1% in April Amid Third Wave of Covid-19 Restrictions

Canada’s labour market recovery hit a standstill in April, as a third wave of Covid-19 infections and subsequent lockdowns led to employment losses across affected sectors.

According to the latest Labour Force Survey published by Statistics Canada on Friday, the labour market lost a total of 207,100 jobs in April, forcing the unemployment rate to hike 0.6 percentage points to 8.1%. The latest figures reflect a reversal in the jobs recovery, as a surge in cases prompted the tightening of public health measures across several key provinces at the end of March and beginning of April.

The majority of the employment declines were concentrated across several industries that have been directly impacted by pandemic restrictions. Employment levels in retail trade fell by 84,000 last month, putting the industry 4.9% below pre-pandemic levels recorded in February 2020. Similarly, the accommodation and food services industry lost a total of 59,000 jobs, and remains 29.8% below its pre-Covid-19 level. The information, culture, and recreation industry also suffered a setback, as employment declined 3.6%, and eliminated approximately 40% of the gains observed in early March.

Additionally, Statistics Canada also reported that long-term unemployment— which is the number of people unemployed for over 27 weeks— jumped 4.6% in April, as those that lost their jobs in 2020 continue to flow into this category. Among those unemployed long-term, 312,000 have been without a job for more than 52 weeks; when compared to February 2020, under one-third of the figure had been unemployed for at least a year.


Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

US Unemployment Rate Fell to 6.7% in November as Labour Market Continues Weakening Trend

As was likely anticipated given the soaring number of Covid-19 cases and reintroduction of lockdown...

Saturday, December 5, 2020, 11:47:00 AM

Canada’s Unemployment Rate Falls to 7.8% as Labour Market Recovers in June

Canada’s labour market expanded by more than forecast in June, as key regions relaxed their...

Monday, July 12, 2021, 10:46:00 AM

Canada’s Unemployment Rate Falls to 7.1% in August as Labour Market Continues Recovery

Canada’s labour market continued to recover over the summer months, as employment levels across the...

Saturday, September 11, 2021, 11:20:00 AM

ADP Reports Loss Of 205,400 Jobs In August, Revises July Numbers Drastically

Employment in Canada appears to be in dire straights. ADP reported within their national employment...

Thursday, September 17, 2020, 11:45:43 AM

Trudeau Vows to Create 1 Million Jobs Via Additional Fiscal Policies and Government Spending

As parliament finally reconvened today and Prime Minister Justin Trudeau delivered his widely-anticipated throne speech,...

Wednesday, September 23, 2020, 05:12:02 PM