Canada: Unemployment Rate falls to 12.3% in June vs. 12% expected

Daniel Fowler
July 11, 2020

British Columbia added 118,000 jobs in June as the province continued reopening its economy amid the COVID-19 pandemic, according to a Statistic Canada report released Friday.

Alberta continues to have the second-highest unemployment rate in the country only behind Newfound and Labrador and well above the national rate of 12.3 per cent.

In contrast, Statistics Canada on Friday reported significant declines in the jobless rates for both Ontario and Canada's COVID-19-clobbered economies, each falling by almost one and a half percentage points as the province and nation ease restrictions to curb the virus.

BC's unemployment rate in February 2020, prior to the pandemic, sat at 4.5% - the lowest in the country. Only Newfound and Labrador and Prince Edward Island experienced a smaller percentage increase in employment. The provincial rates were seasonally adjusted. In Alberta, the unemployment rate stood at 15.5 per cent, the same as in May.

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About 14,300 people lost work in Calgary and another 8,000 in Edmonton.

BC's unemployment rate decreased to 13% in June from 13.4% in May as people in various sectors got back to work.

"With the easing of COVID-19 restrictions in May and June, the initial recovery of employment-to within 9.2% of pre-COVID levels-has been sharper than in previous downturns, when recovery to pre-downturn employment has taken from two to five years".

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