Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on Friday, March 8, 2019. The Canadian economy posted its biggest monthly job loss since the financial crisis as the unemployment rate also pushed higher in November. THE CANADIAN PRESS/Justin Tang

Canada lost 1,011,000 jobs in March, unemployment rate up to 7.8%: StatCan

Unemployment rate hits levels not seen since 2010

Statistics Canada reports the economy lost 1,011,000 jobs in March — the worst recorded single-month change — as the COVID-19 crisis began to take hold, lifting the unemployment rate to 7.8 per cent.

Economists warn the numbers are likely to be even worse when the agency starts collecting April job figures, with millions more Canadians now receiving emergency federal aid.

The 2.2 percentage-point increase is the biggest monthly change in the national unemployment rate over the last 40-plus years of comparable data and brings the rate to a level not seen since October 2010.

Statistics Canada retooled some of its usual measures of counting employed, unemployed and “not in the labour force” to better gauge the effects of COVID-19 on the job market, which has been swift and harsh.

The number of people considered unemployed rose by 413,000 between February and March, almost all of it fuelled by temporary layoffs, meaning workers expected their jobs back in six months.

The number of people who didn’t work any hours during the week of the labour force survey increased by 1.3 million, the national statistics office says, while the number who worked less than half of their usual hours increased by 800,000.

Statistics Canada says those changes in hours can all be attributed to COVID-19, which has led governments to order businesses to close and workers to stay at home to slow the spread of the pandemic.

It also warned that the number of people absent from work for a full week who weren’t paid — which hit a seasonally adjusted rate of 55.8 per cent — “may be an indication of future job losses.”

All told, Statistics Canada says some 3.1 million Canadians either lost their jobs or had their hours slashed last month due to COVID-19.

“It is expected that the sudden employment decline observed in March will have a significant effect on the performance of the Canadian economy over the coming months,” the agency said in its report.

Job losses were felt across all provinces, with the largest in Ontario, Quebec, British Columbia and Alberta. Ontario shed 403,000 jobs, Quebec lost 264,000, B.C. saw a drop of 132,000, and Alberta lost 117,000 compared to juts one month earlier.

The jobs report out this morning also says that most of the losses were in the private sector, with the greatest employment declines observed for youth aged 15 to 24. The youth unemployment rate in March was 16.8 per cent, the highest it has been since June 1997.

READ MORE: Trudeau says 30K ventilators on the way; 3.6M Canadians claim benefits

The Canadian Press


Like us on Facebook and follow us on Twitter.

CoronaviruseconomyJobs

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

VIDEO: Langford man battling cancer honored with hot rod, motorcycle procession

Friends and family support Patrick O’Hara on his 73rd birthday

Langford Fire calm mother and daughter after being trapped in elevator

Three-year-old girl given stuffed animal to calm nerves

Langford businesses can expand onto sidewalks, public spaces

Council passes new bylaw supporting business expansion

Capital Regional District prepares to reopen regional campgrounds

Camping will look different at Island View, Sooke Potholes, Jordan River sites

‘Seven baths in two days’: Homeless adjusting to life in hotels

Victoria passes motion to allow camping 24-7 in parks until June 25

B.C. legislature coming back June 22 as COVID-19 emergency hits record

Pandemic restrictions now longer than 2017 wildfire emergency

POLL: Do you agree with the provincial government’s decision to increase the minimum wage?

B.C.’s lowest-paid workers will be getting a few more dollars to try… Continue reading

B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group

Only B.C.’s social, health and corrections workers are eligible for top-ups

Edmonton, Vancouver and Toronto vying to be NHL hubs, but there’s a catch

The NHL unveiled a return-to-play plan that would feature 24 teams

As SD84 schools look to reopen, Kyuquot and Zeballos opt out

Schools in Tahsis and Gold River will open on June 1, with 30 per cent students expected to come in

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

Illicit-drug deaths up in B.C. and remain highest in Canada: chief coroner

More than 4,700 people have died of overdoses since B.C. declared a public health emergency in early 2016

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

B.C. Paralympian named to Canada’s Sports Hall of Fame

Three-time world and Paralympic gold medalist Sonja Gaudet is part of 11-member class

Most Read