STATISTICS CANADA: ECONOMY LOST 68,000 JOBS IN MAY

Jun 04, 2021

By Jeremy Logan

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Statistics Canada says the economy lost 68,000 jobs in May as lockdowns to slow the spread of COVID-19 continued.

The losses marked the second consecutive month of declines after 207,000 jobs were lost in April.

The unemployment rate was 8.2% in May, little changed from the 8.1% in April because the number of unemployed people in Canada overall stayed relatively steady.

What changed is that more people dropped out of the labour force in May, including workers who simply got discouraged and gave up looking for work.

The statistics office says there were 49,700 discouraged job-searchers last month, or 9.3%, those who wanted work but did not look for work, more than twice the average of 22,000 seen in 2019.

Friday’s data release also notes that 28,000 more core-aged women, those between age 25 and 54, didn’t look for work in May as third wave restrictions continued in Ontario and other regions of the country.

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