Canada added 419,000 jobs in July, but is still 1.3M below pre-COVID-19 levels - News Summed Up

Canada added 419,000 jobs in July, but is still 1.3M below pre-COVID-19 levels


Canada's economy added 419,000 jobs in July and the jobless rate dropped to 10.9 per cent. The jobless rate fell 1.4 percentage points for the second consecutive month and is now down from the record high of 13.7 per cent it hit in May. For comparison purposes, Canada's jobless rate was 5.6 per cent in February, before this ongoing pandemic began. While every province added jobs, the recovery was led by Ontario with 151,000 new jobs, followed by Quebec with 98,000, B.C. Compared to last July, the jobless rate has increased by 9.1 percentage points for South Asians, by 8.4 percentage points for Chinese Canadians, by 6.3 percentage points for Black Canadians and by 6.2 percentage points for Filipino Canadians.


Source: CBC News August 07, 2020 12:48 UTC



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