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

Pit Meadow Playgrounds to reopen June 1

Fencing and caution tape will be remove, signage promoting good hygiene will be posted

Credit union giving local charities money in a hurry

Envision sets up new Community Response Fund, offering $600,000 in grants to area non-profits

Maple Ridge and Pitt Meadows seniors tax clinics offer drive-up drop-off service

No appointments needed for seniors who meet eligibility criteria to get tax help

LETTER: Former mayoralty candidate questions government actions around COVID

Former Maple Ridge resident suggests governments ruined lives and fed fears with lies about virus

Maple Ridge Pitt Meadows grads will be celebrating virtually this year

In-person commencement ceremonies for this years grads will take place sometime during the next school year

Feds looking at ways to reunite families amid COVID-19 border restrictions with U.S.

Some families with members of dual-citizenship have become separated due to the pandemic

Facing changes together: Your community, your journalists

Thanks for helping The News to continue its mission to provide trusted local news

Large cruise ships barred from Canadian waters until end of October: Garneau

Last year 140 cruise ships brought more than two million visitors to Canadian ports

Minneapolis cop who knelt on man’s neck charged with murder

Arrest comes after three days of protests, which escalated in violence as demonstrators torched a police precinct

Asian giant ‘murder hornet’ leaves Langley man on edge after finding hornet in bedroom

The extra-large invasive insect had been first discovered in Brookswood on Thursday, May 28

Police watchdog recommends charges against five Mounties in Prince George man’s death

Police used pepper spray on the man, who then had trouble breathing before dying at the scene

B.C. tourism seeks relief as businesses wait for COVID-19 restrictions to ease

Mid-June earliest for more in-province travel to be authorized

Reward for info on trapped raccoon rises to $6,000

Activists have donated to try to find whoever laid a trap in Delta

Man last seen walking out of Royal Columbian Hospital found dead

It is unclear how or why Gavin Deloes was able to leave the New Westminster hospital

Most Read